- CryptoQuant’s 365-day average analysis reveals whale sell-offs and reduced liquidity, confirming an extended bearish phase for Bitcoin this quarter through on-chain signals.
- Ki Young Ju’s statements show a completed bull run, as major indicators like MVRV and SOPR point toward ongoing lower price momentum.
- Traders anticipate six to twelve months of subdued activity, with on-chain metrics confirming reduced market participation and slower growth across global exchanges.
Bitcoin was trading at $81,667.52 at the time of writing, marking a 2.16% drop in the past 24 hours and a 2.42% gain over the past week, according to Coingecko’s recent data.
Analyst Signals End of Bitcoin Bull Cycle
CryptoQuant CEO Ki Young Ju has suggested that the current Bitcoin bull cycle has likely come to an end. In a recent tweet, he stated that all major on-chain indicators now point toward a bearish or sideways trend in the coming months.
According to Ju, investors should expect a 6–12 month period of either market stagnation or decline. His analysis is backed by proprietary alerts sent to CryptoQuant subscribers, which utilize on-chain indicators to detect major market shifts.
The tools used in this analysis include PCA applied to MVRV (Market Value to Realized Value), SOPR (Spent Output Profit Ratio), and NUPL (Net Unrealized Profit and Loss). These indicators work collectively to evaluate long-term trends based on a 365-day moving average.
Liquidity Conditions
Ki Young Ju emphasized that fresh liquidity in the market appears to be drying up. He noted that new whales, or large holders of Bitcoin, are actively selling at lower prices.
This behavior reflects a shift in sentiment among high-volume traders and long-term holders. As whale activity often influences overall market direction, this trend may shape price movement in the months ahead.
Ju also confirmed the accuracy of the data and mentioned that the alert was issued to subscribers before the public announcement. This early warning allowed experienced traders to rebalance or exit positions accordingly.
Technical Signal Confirms Market Trend Shift
The PCA-based signal is designed to detect inflection points by analyzing the one-year moving average of key metrics. When the trend of this average changes, it may indicate a transition in market phases.
According to Ju’s tweet, the current data confirms that the trend has shifted. This change aligns with previous instances where such signals preceded prolonged periods of bearish or neutral movement.
