#BTCvsMarkets

According to an analysis published on platform X, Ki Young Ju reveals that Bitcoin is entering firmly into a bear market, which frustrates investors. The CEO of CryptoQuant attributes in his analysis that the curtain has fallen on the Bitcoin bull market, presenting several reasons.

Ju based his analysis on the interaction between the realized market cap of Bitcoin and the market cap of assets. The realized market cap measures the value of Bitcoin using the price at which each Bitcoin was traded in wallets, while the market cap measures by multiplying the circulating supply of Bitcoin by current prices.

The CEO pointed out that market cap alone is not the best way to track the Bitcoin bull market. According to Ju's analysis, during periods of reduced selling pressure, simple purchases can drive the price of Bitcoin to new market cap levels. He mentioned that this strategy took advantage of low selling pressure winds to increase the paper value of Bitcoin holdings.