CryptoQuant CEO： Bitcoin may undergo long-term consolidation in the range of $75000 to $100000

BlockBeats News: On February 28th, CryptoQuant CEO Ki Young Ju posted on social media that "Bitcoin spot trading volume is very active around $100000. During the distribution phase, when new liquidity dries up, prices will fall. The key question about whether the Bitcoin market will face a bear market for years is: Where will new liquidity come from? I think we may see a long-term consolidation similar to early 2024, with a large range (e.g. $75000 to $100000), until Bitcoin sees positive news and brings new liquidity