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Ki Young Ju has analyzed the current state of the Bitcoin market. The crypto market will likely remain slow until sentiment in the US improves. President Trump’s administration is showing support for the crypto industry. Cryptoquant’s CEO Ki Young Ju has analyzed the current state of the Bitcoin market, identifying the potential effect of sentiments in the US and how crucial that could be for the crypto market’s immediate future. According to Ju, the market will likely stay slow until US sentiment gets better. #Bitcoin market will likely remain slow until sentiment in the U.S. improves. There’s no significant on-chain activity, and key indicators are neutral, suggesting the bull cycle is still intact. Fundamentals remain strong, with more mining rigs coming online. If the cycle ends… https://t.co/fSWl26d0gx pic.twitter.com/byWdweZhSQ — Ki Young Ju (@ki_young_ju) March 4, 2025 Ju’s latest post on X highlighted how crucial indicators have remained neutral despite bullish fundamentals. The well-known crypto market analyst mentioned the growing number of Bitcoin mining rigs as a basic development that hints at a bullish future for the crypto market. Bitcoin’s On-Chain Activity Remains Subdued Besides the clear fundamentals, Bitcoin has little on-chain activity. However, Ju doesn’t think the current market condition means the bull run is over.  He also believes many traders, including whales, mining companies, TradeFi, and Donald Trump, feel the same way. Basically, Ju doesn’t believe retail traders can decide the crypto market’s next move. Related:  Trump’s Crypto Orders: SEC Reforms and a Presidential Crypto Council US Crypto Regulation in Focus Under Trump In the meantime, developments in the US suggest that President Trump’s administration is working towards fulfilling its goal of making the US a leader in the crypto industry. The newly constituted  The Crypto Council has yet to release laws governing the American crypto sector. However, crypto…

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Filed under: News - @ March 4, 2025 5:26 pm