BlockBeats News, on June 26, Ki Young Ju, CEO of crypto data analytics firm CryptoQuant, stated that it cannot yet be confirmed that Bitcoin has reached the bottom of the current cycle. His analysis based on logarithmic scale charts indicates that according to traditional cycle patterns, Bitcoin's current price still does not appear to be close to the bottom area.

He further explained that as prices approach the investor cost basis, the risk-reward ratio typically improves significantly; in past major cycles, Bitcoin's price has always touched the realized price. If this does not occur in the current cycle, it may imply that the market structure is different from previous ones.