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.
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Bitcoin miner activity has hit a notable low point, according to the latest analysis from crypto research firm Alphractal.
Robert Kiyosaki, well-known for Rich Dad Poor Dad and his vocal support for Bitcoin, recently faced an unexpected lack of engagement from his X followers.