🗣The next 6–12 months will be bearish or show sideways price movement, as the Bitcoin bull cycle has ended – CryptoQuant CEO Ki Young Ju
Among the indicators, he noted the market value to realized value ratio (MVRV), the spent output profit 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 for BTC.