It’s been a bullish start to the year for Bitcoin. Beginning the year at $28,800, it has doubled in value, hitting a record high of $58,300 late last month. Since then, its price has corrected, rebounded, and is now threatening to break another all-time high.
But make no mistake, the crypto market doesn’t just always go up. It goes through accumulation phases and hype cycles, bubbles and crashes.
As markets go, it’s an exceptionally volatile and risky one. So to get a better understanding, we spoke to Ki Young Ju, CEO of crypto data provider CryptoQuant, who discussed five crucial ways to understand where the market’s at now—and where it’s heading.
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