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Ki Young Ju, founder & CEO at CryptoQuant, suggests that the indicators for a true Bitcoin bull run have not yet appeared.
He states that all signals will be very clear once this new market phase begins, but emphasizes that the conditions are not present at this time.
Earlier, Ki Young Ju observed that Bitcoin futures open interest had climbed while spot demand remained weak despite ongoing ETF inflows. He also reported that short-term Bitcoin holders faced reduced pressure to sell at a loss. These recent signals underscore ongoing caution among market participants.