According to the CryptoQuant CEO, a Bitcoin rally is difficult! Here’s why

While Bitcoin (BTC) has recently recovered to $70,000, analysts say this recovery does not represent a trend reversal.

At this point, CryptoQuant CEO Ki Young Ju also stated that he agreed, saying that Bitcoin currently has no bullish potential.

CryptoQuant CEO X stated in a post on his social media account that there has been a large influx of capital into Bitcoin, but even this will struggle to trigger a surge.

The renowned CEO stated, “Bitcoin is currently in a situation where pumping, or price increases, is impossible.”

Comparing the situation to 2024, Ju noted that a $10 billion capital inflow in 2024 increased Bitcoin’s value by $26 billion. In contrast, despite a $308 billion capital inflow last year, its market value decreased by $98 billion.

Ju pointed out that this was an inconsistency, reflecting a structure where selling pressure in the market was so intense that inflows weren’t directly translating into price increases.

According to Ju, while there is currently a new influx of capital into Bitcoin, it is being consumed to absorb the sell orders of existing investors, which is limiting upward momentum.

In such an environment, the renowned CEO argued that further institutional purchases or corporate DAT strategies are unlikely to lead to a short-term price recovery, suggesting that the doors to an upward trend for Bitcoin are currently closed.

*This is not investment advice.