Crypto Quant CEO Ki Young Ju tweeted that everyone is talking about bearish things, but most of them are not leaving the cryptocurrency market. They are just waiting for the market to bottom.
The data shows that the market value of Bitcoin has fallen by 70% from the top, while the market value of stablecoins has only fallen by 11%. Stablecoins currently on exchanges are worth half of Bitcoin’s reserves. We have a $25 billion bullet that can send crypto prices up. It’s just a matter of time.