CryptoQuant CEO Forecasts End of Bitcoin’s Bull Run Amid Liquidity Crunch

Key Points

• CryptoQuant CEO Ki Young Ju predicts a bearish trend for Bitcoin for the next 6-12 months.
• Historical data suggests Bitcoin could surpass its all-time high by mid-2025.

Bitcoin’s recent downturn has triggered a change in market sentiment, leading to a re-evaluation of its trajectory. As per CoinMarketCap data, Bitcoin was trading at $81,896.71 at the time of writing, following a 0.46% decline in the last 24 hours.

Ki Young Ju’s Bitcoin Warning

Ki Young Ju, CEO of CryptoQuant, who had previously dismissed bearish concerns, is now suggesting that Bitcoin’s bull cycle may have ended. He stated that he expects 6-12 months of bearish or sideways price movement.

Ju’s recent analysis points to a worrying shift in Bitcoin’s market cycle. Key on-chain metrics indicate a bearish or sideways trend for the next six to twelve months. According to Ju, liquidity inflows are weakening, and new whales are selling their holdings at lower prices.

Decline in Fresh Liquidity

Ju highlighted a significant warning sign for Bitcoin’s trajectory – the decrease in fresh liquidity, which is a crucial driver of price stability and growth. He noted that newly emerged whale investors are selling their holdings at lower price levels. This trend has historically signaled the start of bearish trends.

Institutional demand seems to be diminishing, especially as ETF inflows have remained negative for three consecutive weeks. Sustained outflows are often seen as a sign of weakening buying pressure, casting doubt on Bitcoin’s ability to regain bullish momentum in the near term.

Despite the current bearish signals, historical trends suggest that Bitcoin could be on the cusp of another major rally. An analysis of Bitcoin’s price movements since 2015 highlighted a seasonal growth pattern, with the most significant gains occurring between April and October.

If this trend continues, Bitcoin may stabilize in the coming months before resuming its upward trajectory. Some projections even suggest that Bitcoin could surpass its previous all-time high by mid-2025.

While short-term uncertainty persists, long-term indicators may hint at significant upside potential for the flagship cryptocurrency. Therefore, it remains to be seen whether Ju’s prediction will hold or if Bitcoin can ignite another bull run.