🟩CryptoQuant founder Ki Young Ju asserts that a Bitcoin drop to as low as $70,000 would not invalidate the ongoing bull cycle. He emphasizes that corrections of up to -30% are a natural part of BTC’s growth, as seen in previous bull market phases.
🟩Ju reminds that Bitcoin is a deflationary asset with a capped supply and a halving mechanism, which triggers cyclical eras. The current cycle, initiated by the 2024 halving, is still far from its peak, as historical data suggests.
🟩Investors should remain mindful of risks and avoid panic, as time and patience are key allies in crypto investments.