CryptoQuant Founder Suggests Halting BTC Purchases Amid Market Pressure

ChainCatcher reports that Ki Young Ju, founder of CryptoQuant, wrote that Strategy’s current Bitcoin purchasing behavior functions more like a “liquidity absorber” than an effective price catalyst. He noted that over the past two years, Bitcoin’s market cap increased by $467 billion, yet its price declined by 1%, indicating that substantial capital inflows merely resulted in asset redistribution without driving price appreciation. In the current environment of significant selling pressure, Strategy’s continued buying may only be supporting price ranges rather than genuinely fueling upward momentum. Ki Young Ju recommends that Strategy pause Bitcoin purchases until its cash reserves and dividend coverage capacity are restored; establish a systematic, model-driven buying framework to avoid the market perception of “always buying at local peaks”; and implement a disciplined selling mechanism for the next bull market, partially taking profits at highs to reduce leverage, enhance shareholder value, and preserve “dry powder” for future accumulation at lower levels. He believes this cycle differs from previous ones: Bitcoin has been range-bound for nearly two years, failing to form a strong bull market or trigger sufficient panic selling and weak-hand liquidation. The market may require a more thorough cleansing before a healthier rebound can begin.