CryptoQuant CEO Ki Young Ju announced that the Bitcoin Bull Run has ended, expecting a bearish trend over the next 6-12 months.
Change in Prediction by CryptoQuant CEO
Ki Young Ju mentioned Bitcoin's liquidity dropped by $1 billion last week. Investors are selling as they don't see the expected growth. Ju noted that on-chain metrics indicate a bear market. "Every on-chain metric signals a bear market," Ju stated on the X site.
Opinions of Other Analysts
Some analysts disagree with Ju. SwyftX lead analyst Pav Hundal believes there is no reason to panic, emphasizing markets will take risks when ready. Analyst Seth believes global M2 supply will fuel a Bitcoin rally. Additionally, CoinRoutes CEO Dave Weisberger suggested Bitcoin might hit a new all-time high by late April.
Conclusion
Despite Ki Young Ju's prediction of a bearish trend, many analysts concur on decreased Bitcoin demand lately. Time will tell whose prediction holds true.
Trends indicate high volatility and a possible decline in Bitcoin interest ahead. Only time will tell which analyst was right.
