🚨 CryptoQuant CEO on Bitcoin’s 16% Drop: "Way Too Early to Panic" 🚨

The crypto market has been in turmoil as Bitcoin (BTC) experiences a sharp correction, but CryptoQuant CEO Ki Young Ju believes it's far too early to worry.

🔹 Bitcoin’s Recent Drop:

✅ Fell to $82,300—a 25% decline from its ATH of $109,600

✅ Down 12% year-to-date (YTD) from $93,600

✅ Market panic intensifies, but is it really time to worry?

💡 Historical Trends Suggest Normalcy

📌 Ki Young Ju’s Perspective: Bitcoin’s dip is part of a healthy bull market cycle

📌 30% corrections are typical in bull runs—2021 saw a 53% drop before hitting a new ATH

📌 Potential “max pain” level could be $77,000, aligning with a 30% drawdown

📊 Key Support Levels:

🔸 Bitcoin will only enter a bear market if it falls below miners’ cost basis, estimated at $57,000

🔸 Glassnode’s analysis: Bitcoin’s next major support could be around $71,000

🚀 Final Thoughts:

While Bitcoin’s correction has rattled investors, historical data suggests this is business as usual in a bull market. If history repeats, BTC could still push toward new highs.

⛔ Disclaimer: This is not financial advice—always do your own research!

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