ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the previous prediction of a short-term adjustment in the crypto market was incorrect, but at that time it was not suggesting a bear market, just believing that the market would experience a correction.Ki Young Ju stated that we are currently in a bull market, and Bitcoin will rise. Based on the cumulative capital flowing into the Bitcoin market, the current price ceiling seems to be $135,000.

ChainCatcher news, according to Decrypt, the cryptocurrency market experienced a significant sell-off on Tuesday evening, with Bitcoin prices dropping over 5%, leading to a total liquidation amount of $526 million within 24 hours. Among these, long position liquidations amounted to $453 million, while short position liquidations were $73 million.However, analysts indicate that despite the sharp price drop, these are temporary and not a sign of a long-term bear market. In the coming months, Bitcoin is expected to benefit from China's stimulus plan, U.S. employment data, the announcement of FTX payments to creditors, and the conclusion of the U.S. election season.

ChainCatcher news, DWF Labs partner Andrei Grachev posted on platform X that Memes may be the last resort for market adjustments. If the market shows signs of recovery, Memes often rise first because:Memes themselves are volatile;Those who previously lost money on Memes try to recover their losses and re-enter the market.

ChainCatcher news, according to on-chain analyst @ali_charts, the data shows that the number of whale addresses holding over 100 BTC has increased from 15,913 to 16,006 during the recent market adjustment, an increase of 93, indicating that whales are buying the dip.

ChainCatcher message, the encrypted fund management company EMC Labs stated on platform X that during the cyclical trend, whenever BTC enters a bull market and reaches a new high, long-term holders (long-term investors) who hold most of the issued BTC begin to take profits. A profit ratio exceeding 70% of the total market value of BTC is a key point. Around this time, a large amount of chips being sold often overdrafts purchasing power in the short term, leading to a phase adjustment in the market.This cycle is similar to 2017. In 2014, on March 6, the profit ratio reached 71%, and the adjustment began, lasting until March 24, for a total of 18 days, with a magnitude of -27.32%. This adjustment started on March 13 when the profit ratio reached 72% and lasted until the 20th, for a total of 7 days, with a magnitude of -27.70%. Spatially, it has basically reached its limit, but temporally, it is still insufficient.According to EMC Labs engine monitoring, the peak of chip selling has passed, and the inflow scale (intended for sale) on exchanges has significantly decreased, returning to a steady outflow. Based on the above, the bull market is still ongoing, and a good buying point has emerged.

ChainCatcher news, DWF Labs Managing Partner Andrei Grachev posted on social media that the spring of cryptocurrency can sometimes see snow, just as we are witnessing now. On January 31, there will be a quarterly refinancing announcement from the U.S. Treasury, followed by the Lunar New Year, expectations for ETH ETFs, halving expectations, and some unknown factors. If one can seize discounted trading opportunities and invest at undervalued prices, now is another good time.