This article discusses the evolving situation in the cryptocurrency market as presented by CryptoQuant CEO Ki Young Ju, who previously called the end of the bullish cycle.
Overview of Previous Predictions
Two months ago, Ki Young Ju declared the end of the bull cycle based on blockchain metrics. He acknowledges that his main mistake was misinterpreting the current situation when historical data became less relevant.
Changes in the Bitcoin Market
According to the expert, the structure of the Bitcoin market has significantly changed. The market was previously dominated by old whales and miners, but now ETFs and institutional investors are actively entering the space. This new dynamic complicates the prediction of profit cycles and price drops.
Future of Cryptocurrencies
There is confidence that individual investor interest in cryptocurrencies will remain high. Increased institutional demand is expected with further regulatory clarity. Many companies plan to launch exchange services, and rising investor interest could lead to a new phase of upward movement in the market.
Thus, the current situation in the Bitcoin market requires ongoing analysis, as new liquidity sources are altering traditional market structures. Interest in cryptocurrencies is expected to grow as the market stabilizes and institutional participation increases.
