CryptoQuant CEO: Bitcoin Could Consolidate in the $75,000 to $100,000 Range Long Term

BlockBeats News, February 28, CryptoQuant CEO Ki Young Ju stated on social media, "Bitcoin spot trading volume is very active around $100,000. During distribution phases, when new liquidity dries up, the price drops. The key question about whether the Bitcoin market will face a multi-year bear market is: Where will the new liquidity come from?"

"I think we might see a long consolidation period similar to early 2024 (e.g., $75,000 to $100,000) until Bitcoin sees bullish developments bringing in new liquidity."