A heated debate has erupted in the crypto community after the CEO of CryptoQuant declared the end of Bitcoin's bull cycle. Some analysts support this view, while others maintain that Bitcoin still has growth potential.
The Statement by Ki Young Ju
On March 17, 2025, CryptoQuant's CEO Ki Young Ju suggested that Bitcoin's bull cycle is over, forecasting six to twelve months of a bearish or sideways market. This forecast was based on several negative on-chain indicators, such as the reduction in liquidity, sales by major Bitcoin holders, and deteriorating market sentiment.
Counterarguments and Alternative Views
However, some analysts remain optimistic. Prominent analyst Seth argues that the increase in the global money supply could fuel the influx of liquidity into risky assets like Bitcoin. He declared that if the money supply continues to grow, Bitcoin might rally again. Other experts remind us that historically, Bitcoin has correlated with the growth of the money supply.
Historical Perspective on Bitcoin
History shows that sharp corrections in Bitcoin do not always signal the end of its cycle. While Ki Young Ju bases his analysis on clear signals, global economic policies and institutional investor behaviors might still support its rebound. The clash between proponents of continued Bitcoin growth and those predicting a prolonged bear market is far from resolved.
In a climate where analysts' opinions vary greatly, there is no clear forecast for Bitcoin's future. Despite warnings of a weakening bull trend, economic factors may still play a significant role in determining the future of the cryptocurrency market.
