Bitcoin's recent downturn has triggered a change in market sentiment, leading to a re-evaluation of its trajectory. Notable analyst and CryptoQuant CEO, Ki Young Ju, shared his insights on potential changes in market trends.
Ki Young Ju’s Bitcoin Warning
Ki Young Ju, who had previously dismissed bearish concerns, now suggests that Bitcoin’s bull cycle may have ended. He expects the cryptocurrency's price to decrease or stay the same over the next 6 to 12 months. Ju pointed to key metrics that support his forecast.
Decline in Fresh Liquidity
A significant warning sign for Bitcoin's trajectory is the decline in fresh liquidity, a crucial driver of price stability and growth. Ju noted that new whale investors are selling their assets at lower prices. Historically, this has signified the onset of bearish trends. Institutional demand seems to be diminishing, especially as ETF inflows have remained negative for several weeks.
Long-term Predictions and Growth Opportunities
Despite current bearish signals, historical trends suggest Bitcoin could resume growth in the coming years. An analysis of its price movements since 2015 identified a seasonal growth pattern, with most gains occurring from April to October. If this trend continues, Bitcoin may stabilize and then rise again, potentially surpassing previous highs by mid-2025.
In the short-term, Bitcoin faces many uncertainties, yet long-term indicators may point to significant growth opportunities for the flagship cryptocurrency. Whether Ju's prediction holds or Bitcoin ignites another bull run remains to be seen.
