CryptoQuant CEO Ki Young Ju has announced a potential start of a bear market for Bitcoin, which could last from 6 to 12 months starting March 2025.
CryptoQuant CEO: Onchain Metrics Indicate Bear Market
Ki Young Ju’s statement on Twitter marks significant shifts in the cryptocurrency market dynamics. He stressed that every onchain metric signals a bear market, with new whales selling Bitcoin at lower prices due to dwindling fresh liquidity.
Bitcoin and Ethereum See Immediate Price Drops
The negative forecasts immediately impacted prices: Bitcoin fell by 3.2%, and Ethereum by 5.1% in 24 hours. Investors remain cautious amid potential ongoing bearish trends. Prominent industry figures like Raoul Pal remain optimistic in the long term, citing factors such as institutional adoption.
Experts Weigh in on Bear Market Duration
Historically, Bitcoin bear markets have lasted between 12-18 months, as seen after the 2024 all-time high. The community is cautious of potential extended downturns. Experts suggest focusing on macro trends like monetary policy. Pal notes that long-term bullishness persists despite short-term declines. Building and adoption continue to be strategic focuses in the crypto industry.
The announcement of a bear market has sparked discussions on the future prospects of the cryptocurrency market. Experts urge a focus on long-term macroeconomic trends.
