Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Chinese New Year just passed, but Bitcoin did not bring a good start for investors. On-chain data analysis platform founder Ki Young Ju warns with the latest on-chain data: Bitcoin's capital inflow is drying up. This indicates that in the short term, the market lacks new momentum and requires more time to adjust and build up.
**The Truth Behind the Data**
Realized price is almost stagnant. After a two-and-a-half-year growth cycle, Bitcoin's realized price has shown no new highs in the past month, which is a direct signal that capital inflow has significantly weakened—no new large buy orders are entering.
Sentiment recovery will be very slow. Unlike the quick bull-bear reversals in the past, today's market resembles a tug-of-war. Investor confidence may take months to recover, not just weeks. This process will be dull, but it also reflects a more rational market attitude.
Liquidity structure has changed. Even though it appears weak in the short term, Ki Young Ju believes the market is unlikely to experience a crash-like decline similar to 2022. Liquidity is much more abundant than two years ago, and the structure of mainstream holders is more stable. The probability of a sharp plunge is low. More likely: prices will oscillate within a certain range, with no surprises or nightmares.
**Tips for Traders**
Currently, the market lacks genuine new catalysts to push prices higher. If you are a short-term trader, the current market may test your patience. Consolidation periods are often when institutions quietly position themselves—but they can also be a time of uneventful boredom. The key is to manage your funds well and not be fooled by false signals.