[CryptoQuant CEO: Bitcoin Cycle Price Bottom May Be Around $56,000] According to the latest analysis by CryptoQuant founder Ki Young Ju, signs of large players exiting the Bitcoin futures market have emerged, with the market now dominated by retail investors. Data shows that the Coinbase Premium has dropped to a nine-month low, ETFs have seen net outflows for three consecutive weeks, and on-chain realized market cap growth has stagnated. Although the short-term market appears weak and there is a lack of dollar liquidity, analysts predict that Bitcoin inflows will not completely stop within the next six months. If the cycle theory holds true, the price bottom for Bitcoin may be around $56,000. Currently, Binance's deposit cost basis is $57,000, indicating that traders have already gained significant profits from ETF and institutional fund inflows.