CryptoQuant Director: Only Beginners Sell Bitcoins During Dips

Ki Young Ju, director of the research company CryptoQuant, believes that selling bitcoins during market corrections is typical behavior for beginners. In his opinion, if an investor panics and sells cryptocurrency during downturns, they most likely do not have a clear strategy.

Ju noted that a 30% correction in a bitcoin bull market is a normal phenomenon. He reminded that in 2021 bitcoin lost 53% of its value, but eventually reached a new all-time high. Ki emphasized that buying on the rise and selling on the decline is an ineffective strategy. He advised investors to act only with a clear plan.

Ju also published a chart showing that in past bull cycles, bitcoin experienced a drop of more than 45%. For example, in 2024, despite a 16% rate decline, bitcoin was able to reach an all-time high of $107,000 in December.

Notably, on February 19, even before the decline began, Ki Young Ju predicted the start of a bearish trend. He stated that despite the correction, the bull cycle would continue, and even a 30% drop from the all-time high is a usual situation for the market. According to his forecast, the bitcoin rate may drop to $77,000, but in the long term, the trend will remain positive.

Responses to Ju's message from readers were varied. One of the commentators expressed concern that if bitcoin falls to $50,000, it would be better to sell the cryptocurrency now to avoid large losses in the future.