CryptoQuant首席执行官Ki Young Ju警告说，比特币牛市可能已经结束

CryptoQuant首席执行官Ki Young JU警告说，比特币牛市可能已经结束。他预计BTC价格将在接下来的6到12个月内保持看跌或侧向。

CryptoQuant CEO Ki Young Ju has a bleak prediction for Bitcoin (BTC) in the next six to twelve months: He expects bearish movements or sideways trading.

CryptoQuant首席执行官Ki Young Ju在接下来的六到十二个月中对比特币（BTC）的预测黯淡：他期望看跌或侧向交易。

Ju, known for his optimistic market takes earlier this month, has now changed his stance. Previously, Ju said the Bitcoin bull market was still active, even if growth was slow. However, on-chain metrics now show bearish conditions, he stated.

Ju以乐观的市场闻名，本月早些时候已经改变了他的立场。以前，JU表示，即使增长缓慢，比特币牛市仍然活跃。他说，但是，链链指标现在显示出看跌条件。

Ki Young Ju, CEO of crypto analytics platform CryptoQuant. Source: LinkedIn

Crypto Analytics Platform CryptoQuant的首席执行官Ki Young Ju。来源：LinkedIn

Realized cap-based indicators show a lack of new liquidity entering the market, Ju said. A realized capitalization is an on-chain indicator tracking the total value of all Bitcoins based on when they were last moved. Despite massive trading volumes around the $100,000 level, BTC price failed to rise further, Ju added.

JU说，基于上限的指标表明进入市场缺乏新的流动性。已实现的资本化是一个链指标，该指标根据上次移动的何时跟踪所有比特币的总价值。 JU补充说，尽管交易量的大量约为100,000美元，但BTC价格仍未进一步上涨。

“Despite $1B+ daily volume at the $100,000 level for a week, BTC price failed to move up further. It seems like realized cap-based indicators are showing no new liquidity is coming into the market,” Ju said.

JU说：“尽管每周100,000美元的每日销售量为$ 1B，但BTC价格仍未进一步上升。

Moreover, inflows into Bitcoin ETFs (Exchange-Traded Funds) have been negative for three consecutive weeks. Negative ETF inflows indicate that investors are pulling money out of these investment vehicles.

此外，进入比特币ETF（交易所交易基金）的流入连续三周为阴性。负ETF流入表明投资者正在将资金从这些投资工具中撤出。

“Bitcoin ETF products have shown negative outflows for 3 consecutive weeks. Investors seem to be exiting their crypto positions via ETFs.”

“比特币ETF产品连续3周表现出负面流出。投资者似乎正在通过ETF退出加密货币头寸。”

Ju also noted that new whales—investors holding large amounts of Bitcoin—are selling at lower prices. This selling, combined with drying liquidity (less new money flowing into Bitcoin).

JU还指出，新鲸鱼（持有大量比特币的投资者）以较低的价格出售。这种销售，再加上干燥的流动性（流入比特币的新资金更少）。

The post CryptoQuant CEO Predicts 6-12 Months of Bearish Bitcoin Price Movement appeared first on iTrade.

Post CryptoQuant首席执行官预测，在Itrade上首先出现了6-12个月的看跌比特币价格变动。