According to Ki Young Ju, the Bitcoin market is expected to remain slow until sentiment in the U.S. improves. Current on-chain activity is minimal, and key indicators are neutral, suggesting the ongoing bull cycle remains intact. Fundamentals are strong, evidenced by more mining rigs coming online, which is positive for long-term trading strategies. Source: Ki Young Ju.

According to Ki Young Ju, 4,837,600 mining rigs are actively operating to secure $1.7 trillion in Bitcoin value, and this number has risen despite the market correction, indicating strong network fundamentals.