I assume they’ve already adjusted their positions, so I’m posting this now.” Related Reading: Bitcoin Whale Shorts $445 Million In BTC—Traders Plot Explosive Liquidation This latest declaration contrasts remarks from just four days ago, on March 14, when Ki struck a more cautious tone, stating: "Bitcoin demand seems stuck, but it’s too early to call it a bear market.” At that time, he shared a chart of the Bitcoin Apparent Demand (30-day sum) indicator, which had turned slightly negative—an early signal that demand might be tapering off.
CryptoQuant CEO Ki Young Ju announced today that Bitcoin’s bull cycle "is over” and warned investors to brace for "6–12 months of bearish or sideways price action.” This development comes after the on-chain analytics veteran had previously urged caution but maintained a measured outlook on the market as recently as two weeks ago.
Experts Predict Explosive Growth By 2035 Along with the comment, the CEO highlighted the Bitcoin PnL Index Cyclical Signals—an index that aggregates multiple on-chain metrics, such as MVRV, SOPR, and NUPL, to pinpoint market tops, bottoms, and cyclical turning points in Bitcoin’s price.
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