The CEO of market intelligence platform CryptoQuant identifies what could unlock the massive demand for Bitcoin (BTC) and other crypto assets.
In a new thread on social media platform
“The United States now has the most bullish government in Bitcoin’s 15-year history. Other countries will follow his example. Relaxed regulatory risks will unlock greater demand and opportunity for Bitcoin, stablecoins and crypto. 2025 looks promising.”
According to Ju, the last time Trump won in 2016, the top crypto asset by market capitalization responded positively. Ju Says Trump Will Make Bitcoin ‘Strong’
However, Ju further notes that the crypto king needs to recover from Coinbase’s premium index to really skyrocket. The premium index is a metric used by Coinbase to measure retail demand for BTC.
“Friend: Who is selling Bitcoin now? Me: Old whales. High OTC volume and exchange deposits, but in my opinion they will not crash the market. The buying pressure comes mainly from US institutions on Coinbase, but the daily premium is at a two-year low. Needs recovery for the next stage.”
The key digital asset is trading at $97,939 at the time of writing, up fractionally over the past 24 hours.
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