CryptoQuant CEO: Bitcoin is more prone to sharp rises and falls in the price discovery stage
CryptoQuant CEO Ki Young Ju stated that Bitcoin is currently in a price discovery phase, with thin order books due to a lack of consensus on support and resistance levels. This has led to multiple price fluctuations in the previous bull market, and the current market situation is very similar.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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