CryptoQuant CEO: Not Sure If Bitcoin Has Bottomed, Still Far From Bottom in Traditional Cycle

CoinFeed June 26 news, CryptoQuant CEO Ki Young Ju said on X that he is unsure if Bitcoin is at the cycle bottom. He posted a log chart pointing out that from a traditional cycle perspective, Bitcoin still seems far from the bottom; each major cycle has touched the realized price. If it doesn't touch this time, perhaps 'this time is different'. When the price approaches investors' cost basis, the risk-reward ratio significantly improves.