CryptoQuant CEO warns of potential Bitcoin market movements due to leverage, on-chain indicators positive

From Investing.com

January 22, 2025 12:30:20 PM:

CryptoQuant CEO Ki Young Ju issued a warning to traders about potential market movements, cautioning against using leverage. He suggested Bitcoin may pull back or move sideways, signaling a slowdown in bullish momentum. Despite this, on-chain indicators remain positive for Bitcoin’s long-term outlook, emphasizing the speculative nature of market predictions.

The launch of a SEC task force on U.S. digital-asset regulations boosted markets, with Bitcoin hitting a new all-time high of $109,358. Task force chair Hester Peirce aims to establish a clear regulatory framework. Bitcoin traded at $105,076, up 1.29% in 24 hours. Economic data awaited Wednesday may impact market outlook.

Read more at Investing.com: Bitcoin Price Warning Issued by CryptoQuant CEO, Here’s Why By U.Today