Moreover, a staggering number of 42,000 investors faced liquidation, with the most substantial liquidation taking place on the renowned BitMEX cryptocurrency exchange. Astonishingly, an individual carried out XBTUSD transactions amounting to a staggering $4.80 million. The esteemed founder of CryptoQuant, Ki Young Ju, boldly asserted that Bitcoin currently finds itself amidst a flourishing bull cycle. Judiciously analyzing the growth rate disparity of on-chain data, Young Ju predicts that the extraordinary bull cycle is expected to reach its conclusion come April of the upcoming year.
