**CryptoQuant CEO Assures Investors: Bitcoin’s Correction is Part of the Journey, Don’t Panic Sell!**
In light of recent market fluctuations, CryptoQuant’s CEO, Ki Young Ju, reassured investors that Bitcoin’s current correction is a normal part of its growth cycle and cautioned against hasty panic selling. Amid the recent dip, BlackRock made headlines by offloading $150 million in Bitcoin, while other institutions like Grayscale, ARK Invest, and Fidelity also reduced their holdings as prices fell below $90,000. This activity has sparked discussions about institutional sentiment towards Bitcoin.
Despite these sales, Ki Young Ju emphasized that corrections of around 30% are typical during Bitcoin bull cycles. Historically, Bitcoin has experienced price drops of up to 53% before rebounding to reach new all-time highs. He advised shareholders that selling during a recession is often a rookie mistake and encouraged them to maintain a clear investment strategy rather than reacting to short-term price changes.
Market data indicates that short-term Bitcoin holders are showing signs of hesitation. The 30-day accumulation trend for these holders is currently negative, a pattern that has historically been associated with market peaks. If this trend continues, it could signal increased selling pressure in the near term. Additionally, the long-term accumulation trend over the past 365 days shows signs of stagnation. While it hasn’t entered the red zone yet, another decline could suggest that the prime bull cycle may be coming to an end.
In the midst of this discussion, Robert Kiyosaki, the author of “Rich Dad Poor Dad,” weighed in, viewing Bitcoin’s decline as a prime buying opportunity. He dismissed concerns about Bitcoin itself, pointing instead to the flaws within the traditional monetary system. Kiyosaki believes that the total U.S. debt and diminishing confidence in the dollar pose greater risks than Bitcoin’s volatility.
“Bitcoin is on SALE! I am buying. The problem is not Bitcoin; the problem is our monetary system and our criminal bankers. America is bankrupt. Our debt, including social programs like Medicare and Social Security, totals $36 trillion,” Kiyosaki stated.
Blockchain analytics firm Glassnode has shed light on who is experiencing the most significant losses during this Bitcoin downturn. Recent buyers have reported over $2.16 billion in realized losses from February 25-27. Most of these losses stem from newer investors who entered the market within the last week, with those who bought within one day to one week facing losses of $927 million, accounting for nearly 43% of the total losses among newer investors.
