Bitcoin (BTC), which rose to the $100,000 mark last week, fell by more than 7% in the last 24 hours and fell to $91,500.
While these declines have investors panicking, CryptoQuant CEO Ki Young Ju said that declines in Bitcoin are normal.
CryptoQuant CEO X reminded that Bitcoin is still in a bull market in his post and said that Bitcoin could experience a 30% drop even during a parabolic uptrend.
Citing 2021 as an example, Ju stated that such pullbacks occurred repeatedly during Bitcoin's rise from $ 17,000 to $ 64,000 in 2021.
Additionally, Ju stated that he does not expect a major correction in Bitcoin, expecting short-term declines instead.
The famous CEO did not forget to warn investors lastly and said that investors should not make panic sales during short-term declines.
<blockquote>
 “Even in a parabolic bull run, Bitcoin could see 30% pullbacks.
 Such corrections from 17K to 64K occurred repeatedly in the 2021 bull.
 “This is not a correction call. Just manage your risk and avoid panic selling on local dips. We are in a bull market.”
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Even in a parabolic bull run, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> can see -30% pullbacks.
 Such corrections repeatedly occurred during the 2021 price discovery from 17K to 64K.
 This isn’t a call for a correction—just manage your risk and avoid panic selling at local bottoms. We’re in a bull market. <a href="https://t.co/B5zpk7P0N9" rel="noopener noreferrer nofollow">pic.twitter.com/B5zpk7P0N9</a>
 — Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1861287668602282299?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 26, 2024</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoins-fall-has-been-alarming-should-we-really-be-afraid-cryptoquant-ceo-explained/" rel="noopener noreferrer nofollow">Bitcoin's Fall Has Been Alarming! Should We Really Be Afraid? CryptoQuant CEO Explained!</a>

Bitcoin's Fall Has Been Alarming! Should We Really Be Afraid? CryptoQuant CEO Explained!

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