{"id":13076,"date":"2022-06-30T13:10:38","date_gmt":"2022-06-30T13:10:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cryptoquant-ceo-sees-25b-of-loaded-bullets-ready-to-lift-bitcoin\/"},"modified":"2022-06-30T13:10:38","modified_gmt":"2022-06-30T13:10:38","slug":"cryptoquant-ceo-sees-25b-of-loaded-bullets-ready-to-lift-bitcoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cryptoquant-ceo-sees-25b-of-loaded-bullets-ready-to-lift-bitcoin\/","title":{"rendered":"CryptoQuant CEO Sees &#8220;$25B of Loaded Bullets&#8221; Ready to Lift Bitcoin"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>With Bitcoin trading at around the $20,000 level for weeks now after hitting a low not seen since November 2020 of under <a href=\"https:\/\/igaming.org\/crypto\/worries-continue-as-bitcoin-drops-below-18500\/\">$18,000<\/a>, there are some that believe the market is not in such a bad shape and that confidence is still present.<\/p>\n<p>On chain analyst and CEO of CryptoQuant, Ki Young Ju, <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1542368838892879875\">tells<\/a> his followers on Twitter that despite the recent sell-off, investors are waiting on the sidelines ready to jump in when the time is right. He said:<\/p>\n<blockquote>\n<p>\u201cEveryone is talking about bearish things, but most of them haven\u2019t left the crypto market. They\u2019re just waiting for the bottom.<\/p>\n<p>Bitcoin\u2019s marketcap decreased by -70% from the top while stablecoin went down by just -11%.\u201d<\/p>\n<\/blockquote>\n<p>According to Ju, it is just a matter of time before the market\u2019s recovery sets in. He notes:<\/p>\n<blockquote>\n<p>\u201cStablecoins sitting in exchanges are now worth half of Bitcoin\u2019s reserve.<\/p>\n<p>We have $25B loaded bullets which can make crypto asset prices go up. The question is when, not how.\u201d<\/p>\n<\/blockquote>\n<p>At time of writing, Bitcoin is moving hands at <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\">$19,422<\/a> according to <a href=\"https:\/\/igaming.org\/cryptocurrencies\/coinmarketcap\/\">CoinMarketCap<\/a> data.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/igaming.org\/crypto\/cryptoquant-ceo-sees-25b-of-loaded-bullets-ready-to-lift-bitcoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) With Bitcoin trading at around the $20,000 level for weeks now after hitting a low not seen since November 2020 of under $18,000, there are some that believe the market is not in such a bad shape and that confidence is still present. On chain analyst [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13076"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13076"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13077"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}