Ki Yang Zhu called Bitcoin a deflation asset

Cryptoquant General Director of the Cryptoquant Ki Young Juu said that Ki Yang Zhupo his opinion, the key factor in this process is Strategy, which regularly buys the first cryptocurrency.

“Her 555 000 BTC is bad assets without plans for sale. Only the volumes that the company holds mean the annual level of deflation of -2.23%, which is probably even higher taking into account stable institutional owners, ”the expert said.

In addition, Cryptoquant noted that their indicator, which on February 24, 2024 continuously pointed to the bearish phase of the market, began to give signals about potential reversal.

“After the Bitcoin price again exceeded $ 100,000, the indicator gave a positive signal for the first time in a few weeks. So far, it remains weak – the coefficient is only 0.029 – but the fact of changing the direction is considered encouraging, ”the report said.

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Source: Cryptocurrency

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