❗️The next 6–12 months will be bearish or show sideways price movement, as the Bitcoin bull cycle has ended – CEO #CryptoQuant Ki Yong Joo.
Among the indicators, he noted the market value to realized value ratio (#MVRV ), the spent coin output ratio (#SOPR ), and net unrealized profit or loss (#NUPL ) – these indicators showed turning points in past market cycles.
💡 Some users reminded that in 2020 CryptoQuant already gave a false sell signal #BTC .
BTC
102,900
-3.02%
ETH
3,426.4
-4.23%
BNB
963.2
-3.22%