CryptoQuant CEO Confirms Bitcoin Bull Market Amid Price Surge
- Bitcoin surged from $84,000 to $94,000 over the weekend.
- The increase followed President Trump’s announcement of a US crypto strategic reserve.
- Deep-pocketed investors on Coinbase contributed to the price rise.
- Bitcoin’s hash rate indicates a strong and secure network.
- The Market Value to Realized Value (MVRV) ratio suggests Bitcoin is undervalued.
Ki Young Ju, CEO of CryptoQuant, maintains that Bitcoin remains in a bull market as long as its price stays above $75,000. Despite a recent retrace to $83,284 due to stock market sell-off news, key indicators continue to signal bullishness for Bitcoin.
Source (2.6)https://dailyhodl.com/2025/03/04/cryptoquant-ceo-doubles-down-on-bitcoin-bull-market-call-says-coinbase-whales-leading-btc-surge/?rand=59076
