CryptoQuant CEO Warns of Bitcoin Bear Market, Predicts 12 Months of Sideways Action

"CryptoQuant CEO Predicts End of Bitcoin Bull Cycle, Warns of Bearish Trends"
"CryptoQuant CEO Predicts End of Bitcoin Bull Cycle, Warns of Bearish Trends"

Ki Young Ju, CEO of CryptoQuant, has issued a stark warning about Bitcoin’s market trajectory, suggesting that the cryptocurrency’s bull cycle has come to an end. Based on on-chain metrics, Ju predicts up to 12 months of bearish or sideways price action, sparking debates among analysts and investors.

Bitcoin’s Bull Cycle: A Turning Point?

Ju’s analysis points to key on-chain indicators such as Market Value to Realized Value (MVRV), Spent Output Profit Ratio (SOPR), and Net Unrealized Profit/Loss (NUPL).

These metrics, which assess market valuation, investor profitability, and sentiment, are signaling a shift in Bitcoin’s market cycle. “Every on-chain metric signals a bear market,” Ju stated, emphasizing the drying up of liquidity and the selling activity of new whales, reports The Coin Telegraph.

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Diverging Opinions Among Analysts

While Ju’s bearish outlook has gained attention, other analysts remain optimistic. Some argue that Bitcoin’s recent price corrections are part of a healthy consolidation phase rather than the onset of a prolonged bear market.

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Ryan Lee, chief analyst at Bitget Research, noted, “Macro conditions remain a wildcard, but Bitcoin’s fundamentals are still strong.”

Institutional Influence on Bitcoin’s Future

Institutional investors continue to play a significant role in Bitcoin’s market dynamics. Speculation around a potential U.S. Strategic Bitcoin Reserve and ongoing institutional buying have provided some optimism.

However, resistance levels between $85,000 and $90,000 could pose challenges for further upward momentum.

What Lies Ahead for Bitcoin?

As Bitcoin navigates this critical phase, the market’s next moves will depend on a combination of macroeconomic factors, regulatory developments, and investor sentiment.

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While Ju’s warning has raised caution, the cryptocurrency’s resilience in past cycles suggests that the story is far from over.

About William Ross 417 Articles
I am a cryptocurrency enthusiast and writer with over five years of experience in the industry. I have been following the development and innovation of Bitcoin and Ethereum since their inception, and I enjoy sharing my insights and analysis with readers. I have written for various reputable platforms, such as CoinDesk, Cointelegraph, and Decrypt, covering topics such as market trends, regulation, security, and adoption. I believe that cryptocurrency is the future of finance and technology, and I am passionate about educating and informing people about its benefits and challenges.

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