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Analysis

Leading Market Influencers Say Multiple Indicators Point to Bitcoin's Buildup and Rise

Ji-Young Koo, CEO of CryptoQuant, a South Korean crypto research firm, told X: "BTC inflows to Coinbase Prime have been surging recently. Even if we exclude BTC trading volume, the volume is significant. The market is currently at the beginning of a rebuilding phase for the next market cycle."...

Leading Market Influencers Say Multiple Indicators Point to Bitcoin's Buildup and Rise

Ji-Young Koo, CEO of CryptoQuant, a South Korean crypto research firm, told X: "BTC inflows to Coinbase Prime have been surging recently. Even if we exclude BTC trading volume, the volume is significant. The market is currently at the beginning of a rebuilding phase for the next market cycle."

Another influencer, Cathie Wood, CEO of Ark Investments in the US, recently said on his YouTube channel, "Since the launch of the BTC spot ETF, investors have started to shift from gold to BTC. We expect this trend to continue as BTC becomes more accessible." "We saw BTC rise 40% in March of last year when the U.S. was going through a regional banking crisis, and now we're seeing another round of problems for U.S. regional banks," he said, suggesting that BTC could be on the rise.

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