CryptoQuant CEO Ki Young Ju predicts the Bitcoin bull cycle is over, expecting bearish or sideways movement for 6-12 months. He cites on-chain metrics like the PnL Index Cyclical Signals and Principal Component Analysis, which indicate a sell signal. A bull-bear market indicator also suggests a potential downturn, with declining liquidity and whales selling at lower prices. Bitcoin ETF netflows have been negative for three weeks.

Despite this, Ju plans to hold his Bitcoin rather than short it. His stance contradicts his February statement that the bull cycle would continue.

Other experts remain optimistic. A well-known trader predicts Bitcoin will hit $100,000 by the end of March, while another analyst expects a rally due to global M2 money supply expansion.

At press time, Bitcoin traded at $82,355.47 with a $1.6 trillion market cap.