Bitcoin Bull Run is Over, Warns CryptoQuant CEO

CryptoQuant CEO Ki Young Ju has warned that Bitcoin’s current market cycle may have already peaked, suggesting that traders shouldn’t anticipate a major rally in the next six to twelve months.

According to Ju, multiple on-chain indicators signal a shift toward either a bearish or stagnant trend as liquidity dries up and whales offload their holdings at lower prices.

Ju’s analysis, based on Bitcoin’s Profit and Loss Index, suggests that bullish expectations are unlikely to materialize.

He also applied Principal Component Analysis (PCA) to key on-chain metrics like MVRV, SOPR, and NUPL, using a 365-day moving average to track potential trend reversals.

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While some traders acknowledged his insights, others pointed out that his sell signal in 2020 didn’t play out as expected.

Crypto journalist Colin Wu also weighed in on Ju’s perspective, offering his own interpretation of the data.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.