Ki Young Ju: Bitcoin shows first real upside momentum in years after atypical drawdown

Ki Young Ju: Bitcoin shows first real upside momentum in years after atypical drawdown
Bitcoin momentum up after unusual drawdown

Ki Young Ju, founder & CEO at CryptoQuant, shares insights on recent Bitcoin market dynamics. He highlights that Bitcoin experienced its first substantial upside momentum in years, mainly driven by a short squeeze. This recovery follows an atypical market bottom, marked by an approximately 50% drawdown—less severe than the historical 70–90% ranges and occurring without a dip below the realized price. Ju also observes that capitulation signals emerged, including changes in supply.

Earlier this year, Ki Young Ju noted that Bitcoin's rally was being led by futures as spot demand remained negative and open interest climbed, according to past commentary. More recently, Ju observed that both spot and perpetual futures demand turned positive for the first time since the October 2025 all-time high, as reported in subsequent analysis. These observations provide context for his latest remarks on shifting market momentum.

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