Bitcoin's Recovery May Be Delayed Amid Weak Market Conditions

According to BlockBeats, Ki Young Ju, founder and CEO of CryptoQuant, shared insights on the X platform, highlighting that the market's weakness has exceeded expectations. He suggested that if these conditions persist, Bitcoin might not experience a strong rebound in the next 3-6 months. A genuine bull market is anticipated to commence next year when liquidity is restored. Ki Young Ju also referenced macroeconomic expert Luke Gromen, noting the weak demand for U.S. Treasury bonds from foreign entities. Without new liquidity injections, the U.S. Treasury market could face instability. Once liquidity is restored next year, the prices of scarce assets like gold and Bitcoin are expected to rise. Earlier today, Ki Young Ju advised against selling or shorting spot holdings, deeming such actions unwise at this time.