Furthermore, a staggering 42,000 investors faced liquidation, with the most significant liquidation order taking place on the renowned cryptocurrency exchange BitMEX. A substantial sum of $4.80 million was executed in XBTUSD transactions. Ki Young Ju, the founder of CryptoQuant, confidently asserted that Bitcoin is currently experiencing a bullish phase. The disparity in growth rates observed in on-chain data suggests that this bull cycle is projected to conclude by April of the upcoming year.
