CryptoQuant founder: Demand could rebound if BTC price approaches key support level
Jinse Finance reported that CryptoQuant founder Ki Young Ju posted on the X platform that the net flow of BTC spot ETFs is slowing down. If BTC price approaches key support levels, demand may rebound. The on-chain cost base for new whales (mainly ETF buyers) is $56,000. In bull markets, pullbacks typically require a maximum retracement of around 30%, with a maximum loss of $51,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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The "Democratic Factor" built by JPMorgan has risen by about 20% since August, while the S&P 500 has only increased by 2.6% over the same period. Prediction platforms show that the probability of Democrats winning both chambers has surged from 23% in August to 64%. Historical data from Goldman Sachs indicates that this probability typically falls by about 5 percentage points on average before Election Day. There is a clear split among institutions: JPMorgan advocates buying on dips, while Bank of America warns that a Democratic sweep could lead to a drop of more than 10% in the stock market.
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