Prolonged Sideways Movement Looms as Greater Threat to Bitcoin

CryptoQuant's founder Ki Young Ju warns that a prolonged sideways movement for Bitcoin could be more damaging than a sharp price drop. According to him, investors' faith in the cryptocurrency's future growth is what keeps them buying during downturns.

However, if the market stays stagnant for years, this conviction will erode. Ki Young Ju points out that even Michael Saylor's model relies on attracting capital to buy Bitcoin, and a prolonged price stagnation would weaken this idea.

CryptoQuant uses various metrics such as SOPR, MVRV, exchange flows, and institutional demand indicators to track market conditions. These tools help the platform assess whether investor behavior is changing due to sideways movement.