As of November 12, Bitcoin enters a crucial price discovery phase, as emphasized by CryptoQuant CEO, Ki Young Ju. This development is marked by a thin order book and significant market fluctuations, impacting the crypto landscape.
The price discovery phase is a period where the true value of Bitcoin is being negotiated by market participants, reflecting uncertainty and potential volatility.
Market participants and investors are closely monitoring these changes, looking for insights on the future market direction and potential investment opportunities.
