CryptoQuant CEO: Bitcoin in the price discovery phase is more prone to experiencing sharp price swings.

2024-11-12 17:58

BlockBeats News, November 12, CryptoQuant CEO Ki Young Ju posted, stating that Bitcoin is currently in a price discovery phase. Due to a lack of consensus on support and resistance levels, the order book is often thin. This has led to multiple price fluctuations during the last bull run. The current market situation is very similar.

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