"Bitcoin Bull Run Ends?" CryptoQuant CEO Predicts Market Slowdown
CryptoQuant CEO Ki Young Ju claims the Bitcoin rally has concluded, forecasting 6-12 months of sluggish or downward price movement. This contrasts with his earlier projections, where he maintained confidence in the market’s momentum.
Bearish Signals Emerge
Ju highlights onchain data pointing to a downturn. “New large holders are offloading Bitcoin at lower valuations, and fresh capital is dwindling,” he explained. Furthermore, Bitcoin futures funding rates have nearly hit zero, indicating increased trader uncertainty.
Conflicting Market Views
Not all experts share Ju’s bearish sentiment. Swyftx strategist Pav Hundal remains unfazed, stating that global economic conditions are improving. He argues, “Capital will flow back into high-risk assets when the timing is right.”
Potential for a Rebound
Analyst Seth notes that global M2 money supply has hit a record high, potentially fueling Bitcoin’s next surge. CoinRoutes CEO Dave Weisberger suggests that if past trends persist, Bitcoin could set a new peak by late April. Meanwhile, Swan Bitcoin CEO Cory Klippsten estimates a greater than 50% probability of an all-time high before June’s end. Bitcoin’s current record price stands at $109,000, achieved on January 20.
