Even if Bitcoin decreases by 30 % to 77 thousand dollars, Bull Run remains Selma: CEO Cryptoquant explains the reason

Today, Bitcoin has briefly decreased to the lower range of $ 90,000, raising the market concerns, especially since the market did not completely recover from the bloodbath on February 3.

Meanwhile, industry leaders such as Ki Young Ju, founder of Cryptoquant, continue to reassure that the market remains in an upward phase, at least according to the main indicators.

in tweet Today, Young Ju participated in a series analysis showing that Bitcoin’s price data indicates a strong bull market. The scale detect a critical level where the violation can be paid below.

For context, the achieved price indicates the average acquisition price for Bitcoin for different groups of holders. While Bitcoin is currently at $ 95,000, ETFS, nursery portfolios and main players in the market retain a strategic price.

The main achieved price levels for bitcoin holders:

• Investment funds circulating and nursery portfolios: 89 thousand dollars
• Binance Merchants: $ 59,000
• Mining companies: 57 thousand dollars
• Old whales: $ 25,000 (historically never violated)

This means that Institutional investorsEspecially those who hold Bitcoin through the circulating investment funds and the nursery portfolios, have an average cost of 89 thousand dollars.

Meanwhile, less Binance traders are placed, with an average price of about $ 59,000. This indicates that many of the retail and the stock exchange participated in BTC at more favorable prices.

Mining companies retain Bitcoin at an average price of 57 thousand dollars. It is worth noting that the price of mines was historically a decisive indication of the market morale.

In the previous contraction – as was the case in May 2022, March 2020 and November 2018 – this threshold indicates the beginning of the extended bear markets.

However, the old whales, which were on the market for years, maintain a much lower cost than $ 25,000. According to Young JU, this level has never been hacked in the history of Bitcoin.

Basically, Bitcoin’s flexibility above these achieved levels indicate continuous institutional confidence, especially from Investment funds circulating and nursery governor.

While the short -term fluctuations remain a possibility, historical trends indicate that the long -term biophageal BTC structure is still intact.

The bull cycle remains intact even with a 30 % decline

Chainyoda has asked whether the decrease in the stock market could lead to a decrease in BTC. However, Young JU rejected concerns about the bear market, noting that even a 30 % correction of the highest level in BTC ever will not necessarily finish running.

“If BTC decreases from $ 110,000 to 77 thousand dollars, this will continue to be in line with the previous bull courses,” Clear.

I don’t think we will enter the bear market this year.

We are still in the bull cycle. The price will eventually rise, but the range looks wide.

Personally, I think the bull cycle can continue even with a decline of -30 % of ATH (for example, 110k → 77K), as shown in the previous sessions.

– Ki Young Go (@ki_young_ju) February 19, 2025

With the current Bitcoin price at about 95.6 thousand dollars, the market participants must monitor the level of miners of $ 57,000 as a major standard to maintain continuous running.