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CryptoQuant founder: The cyclical top has not yet been reached, and retail investors have not yet fully entered the market

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CryptoQuant founder Ki Young Ju revealed the current situation of the Bitcoin market on X.1. The Bitcoin market is showing short-term overheating.2. It has not yet reached the cyclical top; retail investors have not fully entered the market, and ETF demand needs to be monitored.3. It is currently correcting, and if it shrinks by a maximum of 30%, it will be $51,000. The average new whale (= ETF buyer) enters the market at $56,000.

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