CryptoQuant CEO Shared Bitcoin Chart: It's Time to Sell If This Happens! - Coin Bulletin

robot
Abstract generation in progress

CryptoQuant CEO made an important prediction for Bitcoin (BTC), indicating that it is time to sell no matter what.

CryptoQuant CEO Ki Young Ju emphasized that investments in the security of the Bitcoin network never stop, stating that if these investments ever come to an end, it could mean that Bitcoin has attracted enough capital and it is time to sell.

Ki Young Ju, who stated that one of the most important factors that preserve and increase the value of Bitcoin is the continuous investments in network security, said that these investments have been uninterrupted for 16 years. According to the CEO, for Bitcoin's long-term upward trend to continue, interest in mining infrastructure and network security must persist. However, if these investments stop at some point, it may indicate that Bitcoin has attracted enough capital and given a sell signal.

Ki Young Ju shared remarkable data about the current state of Bitcoin, stating that 4,837,600 mining devices are currently active. The CEO emphasized that these devices secure capital worth 1.7 trillion dollars in the Bitcoin network, and despite the recent market correction, the number of miners continues to increase.

Ki Young Ju, who emphasizes that the fundamentals of Bitcoin are strong and investors need to closely monitor investments in network security, said that this indicator plays a critical role in the health of the market.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)