[CryptoQuant CEO: Those Holding Only Bitcoin Spot May Find This a Good Time to Accumulate] On November 21, CryptoQuant founder and CEO Ki Young Ju posted on the X platform, stating that for those holding only Bitcoin spot without engaging in futures trading, the current Bitcoin price appears to be in a suitable accumulation zone. He pointed out that from an on-chain cycle perspective, the bull market cycle may have ended earlier this year when Bitcoin reached around $100,000. According to classic cycle theory, the market price should retrace to approximately $56,000. However, the macroeconomic situation indicates that global liquidity injections have begun, and market sentiment could rebound at any time, making it unwise to sell or short at this moment. He added that he might be mistaken in his judgment, is no longer using leverage, but remains confident in the long-term trend.