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.
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.
Bitcoin is no longer the speculative playground it once was, according to Bitwise CIO Matt Hougan.
After more than a decade of silence, two early Bitcoin wallets have suddenly sprung to life, moving thousands of BTC in a move that caught the attention of blockchain analysts and traders alike.
After briefly breaching $97,000, Bitcoin has slipped to around $94,000, retreating from the $98,000 resistance zone as traders brace for potential volatility tied to upcoming macroeconomic announcements.
As countries around the world move faster to integrate digital assets into their financial systems, the United States is keeping Bitcoin at arm’s length—especially when it comes to the idea of holding it in national reserves.