‘Bitcoin bull cycle is over,’ CryptoQuant CEO warns, citing onchain metrics
CryptoQuant’s Ki Young Ju expects up to 12 months of “bearish or sideways price action” — but several other analysts disagree.
CryptoQuant’s head chief says Bitcoin’s bull market could already be over — changing his stance from earlier in the month when he said the Bitcoin bull cycle will be slow but “is still intact.”
“Bitcoin bull cycle is over, expecting 6-12 months of bearish or sideways price action,” CryptoQuant founder and CEO Ki Young Ju said in a March 17 X post.
Ju said that all Bitcoin (BTC) onchain metrics indicate a bear market. “With fresh liquidity drying up, new whales are selling Bitcoin at lower prices,” Ju said.
