CryptoQuant CEO Ki Young Ju has indicated that the Bitcoin bull cycle has ended, causing a market slowdown.
End of Bitcoin Bull Cycle
CryptoQuant CEO Ki Young Ju stated that the current Bitcoin bull cycle has ended. His analysis, based on major on-chain indicators, suggests an upcoming bearish or sideways trend.
Liquidity Conditions
Ki Young Ju emphasized that fresh liquidity in the market is drying up as large Bitcoin holders are actively selling at lower prices. This indicates a shift in sentiment among high-volume traders and long-term holders.
Confirmation of Market Trend Shift
The PCA-based signal confirms that the trend has shifted, which aligns with previous periods where such signals preceded prolonged bearish or neutral movement.
The analysis shows that the Bitcoin market is entering a downturn phase, which may last from six to twelve months.
