CryptoQuant CEO Predicts Bitcoin Bear Market for Up to One Year
- CryptoQuant CEO Ki Young Ju warns Bitcoin may not reach new highs for at least six months.
- The PnL Index Cyclical Signals indicate the end of Bitcoin’s bull market.
- Bitcoin’s 365-day moving average is declining, suggesting entry into bear territory.
- Key on-chain metrics like MVRV, SOPR, and NUPL point to a bear market.
- Lack of new liquidity and negative ETF inflows are noted as contributing factors.
Ki Young Ju, CEO of CryptoQuant, indicates that on-chain data signals a bearish phase for Bitcoin lasting six to twelve months. The decline in the 365-day moving average and negative ETF inflows support this outlook. At the time of writing, Bitcoin is valued at $83,157.
Source (2.6)https://dailyhodl.com/2025/03/19/bull-cycle-is-over-cryptoquant-ceo-abruptly-flips-stance-on-bitcoin-warns-btc-could-be-bearish-for-one-year/?rand=59076
