One article to figure out that 30% of Bitcoin's callback is a normal phenomenon in every bull market

CryptoQuant CEO Ki Young Ju: Bitcoin’s 30% pullback is a normal bull market, and its long-term potential is still strong

Ki Young Ju, CEO of CryptoQuant, cryptocurrency analysis company, recently published an article pointing out that Bitcoin’s current pullback is not a signal of the end of a bull market. He believes that a 30% pullback is a very common phenomenon in a bull market cycle, and investors should maintain confidence in the long-term value-added potential of the market.

Ki Young Ju pointed out that panic selling due to market pullbacks is often a manifestation of lack of experience. He took Bitcoin’s pullback of up to 53% in 2021 as an example, and Bitcoin eventually managed to rebound and hit a new high. He stressed that such volatility is common in the Bitcoin bull cycle, and in the long run, price increases after the correction are still the main trend.

He said that as early as the price of Bitcoin reached $95,000, he warned that we are still in a bull cycle and it is unlikely to enter a bear market this year. Even if the price pulls back 30% from an all-time high (for example, from $110,000 to $77,000), it will not change the overall upward trend, and similar adjustments have occurred in previous market cycles.

Respond to fluctuations rationally and avoid "buy high and sell low"

Ki Young Ju further emphasized that many investors "buy high and sell low" due to market fluctuations. This strategy is not conducive to long-term investment and is prone to missed value-added opportunities. He reminded investors that short-term price fluctuations cannot determine the long-term value of Bitcoin and irrational decisions should be avoided in panic.

Future market sentiment is improving

Ki Young Ju is optimistic about future market trends. He predicts that market sentiment will turn optimistic in the next six months, which will become an important driving force for the rise in Bitcoin prices. He believes that Bitcoin's long-term appreciation potential is still huge, and short-term volatility is only part of the big market and will not change the overall trend.

Investors have different opinions, and it is crucial to stay calm

Ki Young Ju's views have sparked heated discussions among netizens. Some supporters believe that the current pullback is just a normal fluctuation in a bull market, and call on investors to be patient; but some people are worried that the market has entered a bear market and are worried about future trends.

In response, Ki Young Ju responded that market sentiment fluctuations are normal, and investors should adhere to their own investment strategies to avoid being affected by short-term sentiment.

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