The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid ongoing anticipation regarding cryptocurrency market trends, Ki Young Ju, founder of CryptoQuant, stated that Bitcoin's bull market is not yet fully confirmed despite improving on-chain conditions. Ju explained that the firm's proprietary Bull Score Index remains in neutral territory, indicating mixed market signals that prevent a definitive confirmation of a major bull cycle. However, the report highlighted that long-term holders continue to accumulate the asset, reinforcing positive long-term outlooks.
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Sign InThis technical caution comes at a time when digital assets are showing performance variance compared to previous cycles, with Glassnode data showing that the percentage of supply held by long-term entities remains robust, supporting Ju's accumulation thesis. In comparison to sector-related tech stocks, MicroStrategy (MSTR) has seen significant volatility reflecting investor sensitivity to Bitcoin's price stability above key support levels. Per market data, the correlation between Bitcoin and macro-economic indicators remains intact, especially as markets await global inflation data.
Looking at current price levels, Bitcoin is trading at $69,420 (close May 22, 2026), with traders watching for a break above psychological resistance to confirm bullish momentum. Regarding the economic calendar, investors should monitor the upcoming Canada Inflation Rate (YoY) data, which could impact global risk appetite and indirectly influence liquidity flows into crypto assets.