Ki Young Ju, CEO of cryptocurrency market data provider CryptoQuant, believes there’s sufficient on-chain data showing the Bitcoin Bull Run is finally over.
According to a post on social media site X, Ki Young Ju stated that the Bitcoin Bull Run was officially over and that the crypto market would experience a volatile of Bearish trend for the next 6 to 12 months.
Different from Earlier Prediction
The CryptoQuant CEO urged investors to expect bearish or sideways trends, noting that the flagship cryptocurrency’s liquidity had lost at least $1 billion over the last week alone. He observed that investors were selling their crypto holdings as they were not seeing the bullish momentum they anticipated. Many others were no longer keen on investing in Bitcoin in the near future. Ki Young Ju wrote on his X handle:
“Every on-chain metric signals a bear market. With fresh liquidity drying up, new whales are selling Bitcoin at lower prices […]. Users who subscribed to my alerts received this signal a few days ago. I assume they’ve already adjusted their positions, so I’m posting this now.”
The sentiments expressed by the CryptoQuant CEO fly in the face of a post he made on March 4, where he stated that the Bitcoin Bull Run could remain slow but was still intact, highlighting what he called neutral readings on key technical indicators. In his March 4 X post, Ju stated:
“Fundamentals remain strong, with more mining rigs coming online.” Ju
However, other analysts don’t seem to agree with Ki Young Ju, with SwyftX lead analyst Pav Hundal telling investors there was no reason to panic. According to Hundal, while investors felt harassed by the effects of US President Donald Trump’s tariffs, enough numbers were pointing in the right direction regarding the global economy. Hundal wrote on X saying:
“Money will move to on-risk assets when the market is ready to take on risk.”
Different Predictions from Other Analysts
Crypto analyst Seth, on his side, believes Bitcoin could consolidate for an uptrend because the global M2 money supply has just reached new highs. Seth wrote on his X handle recently:
“I’m saying Global Money Supply just made another new ATH. We are about to see Bitcoin rally again.”
On the other hand, CoinRoutes CEO Dave Weisberger opined that considering all past historical trends, Bitcoin was on its way to a new all-time high that could happen by late April. Weisberger said in a March 17 X post:
“Expect Bitcoin to hit a new ATH within a month if its BETA correlation to money supply holds.”
Conclusion
Despite Ki Young Ju’s comments about the approaching bearish trend, many analysts agree that there has been an ongoing weakening in the demand for Bitcoin lately.
The demand for BTC peaked in March and December 2024, which analysts agree indicated unusual patterns that created a heightened short-term interest period. The market events closely resemble the marker experience observed between August 2017 and December 2018. Such patterns have historically preceded periods of high volatility followed by a gradual downtrend. Only time will tell who among the analysts will have made a correct prediction.
At the time of publication, Bitcoin is trading at $83,030, down 14.79% over the past month, according to CoinMarketCap data.
Frequently Asked Questions (FAQs)
What is the Bitcoin prediction for 2025?
In recent years, Tim Draper has landed on a $250,000 price prediction for Bitcoin. However, Bitcoin has yet to hit the current all-time high of around $109,000, which was achieved in January.
Can Bitcoin go to zero?
Bitcoin will hold value if people believe in it and continue to use it. While it remains a highly speculative asset with inherent risks, increasing interest and adoption make it practically difficult to go back to zero.
Did Institutional Investors Drive Bitcoin’s Growth?
Institutional adoption through ETFs and other traditional financial instruments brought a lot of institutional money to the Bitcoin ecosystem in 2024 and 2025.
What’s The Best Way to Invest in Bitcoin?
Many experts believe that since Bitcoin appreciates over the long term and exhibits volatility in the short term, it’s best to use dollar-cost averaging techniques to invest in small amounts consistently over time.
Appendix: Glossary of Key Terms
Bull Run: A period where most investors are buying, demand outweighs supply, market confidence is at a high, and prices are rising.
Bearish Trend: A period of sustained and significant price declines for most cryptocurrencies, often characterized by negative investor sentiment and a decline in trading activity
Volatility: An asset’s significant and rapid price fluctuations over a short period.
References
