Odaily Planet Daily reported that CryptoQuant CEO Ki Young Ju stated on the X platform that the current decline of Bitcoin is mainly due to persistent selling pressure and the lack of new capital. He pointed out that the realized market cap has recently stabilized, indicating that there has been no significant influx of new capital into the market. In this environment, if the total market cap declines, it usually does not constitute a bull market structure. Ki Young Ju further mentioned that, influenced by continuous buying of ETF funds and Strategy, early holders still hold significant unrealized profits and have been gradually cashing out since early last year. Previously, strong capital inflows once supported Bitcoin to stay around $100,000, but currently, related incremental funds have significantly weakened. He believes that Strategy was one of the key driving forces behind this round of rally. If Michael Saylor had not made large-scale reductions, the market might not have experienced the deep retracement of about 70% seen in previous cycles. Overall, selling pressure remains ongoing, the market bottom has not yet been confirmed, but this bear market phase is more likely to present a wide-range oscillation pattern.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC breaks through $73,000, short liquidation intensity will reach $429 million; falls below $70,000, long liquidation intensity reaches $459 million
According to Coinglass data, if Bitcoin price breaks through $73,000, centralized exchanges will face $429 million in short liquidation pressure, while if it falls below $70,000, $459 million in long positions will be liquidated. This reflects the degree of impact price volatility has on the market.
GateNews13m ago
Bitcoin Nears $74K as Data Signals Bear Market Isn’t Over
Bitcoin extended gains above $73,000 on Friday, stabilizing near a long-standing floor around $70,000 as macro data and geopolitical tensions shape risk appetite. The move followed a US GDP release showing the economy grew just 0.7% in the fourth quarter of 2025, keeping recession fears on the
CryptoBreaking1h ago
过去5周比特币涨2.4%，标普500指数跌2.2%
Gate News 消息，3月15日，据 Santiment 数据显示，过去5周比特币上涨2.4%，而标普500指数下跌2.2%。此期间正值伊朗冲突持续。
GateNews1h ago
Brave Introduces Cross-Chain Swaps for Bitcoin, Solana, Zcash, and Cardano Supported by NEAR Intents
Brave Wallet v1.88 added NEAR Intents, enabling cross-chain swaps across Bitcoin, Solana, Zcash, Cardano, and EVM networks.
NEAR Intents has processed over 19 million swaps and more than $14 billion in volume across 35 chains before this wallet integration.
Brave has added NEAR Intents to it
CryptoNewsFlash2h ago
Whales holding between 10 and 10,000 BTC increased their holdings, accounting for 68.17% of the total supply.
Santiment report shows that investors holding 10 to 10,000 bitcoins have increased, now controlling 68.17% of the supply. Bitcoin is performing strongly relative to the S&P 500, showing signs of a positive reversal. The S&P 500 has declined 2.2%, while Bitcoin has risen 2.4%.
GateNews3h ago
