CryptoQuant CEO Ki Young Ju has analyzed on-chain data, predicting the current Bitcoin bull cycle may end by April 2025, amid a surge in cryptocurrency markets. Historical patterns suggest these cycles last about two years, aligning with the recent approval of the U.S. Spot Bitcoin ETF and Bitcoin Halving events as significant market influencers. The U.S. Spot Bitcoin ETF has seen a remarkable $726 million inflow in just four days, indicating strong investor confidence. Additionally, the cooling inflation in April hints at a possible easing of Federal Reserve policies, potentially impacting market dynamics further. Bitcoin’s price and trading volumes reflect the market’s current state, with a notable 7% gain in the last 30 days. Ju’s insights underscore the strategic significance of on-chain data in forecasting market trends, essential for investors navigating the volatile cryptocurrency landscape.
