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"Bitcoin, Bull Cycle Has Ended"

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Uk Jin
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  • Ki Young Ju, CEO of CryptoQuant, claimed that Bitcoin's bull market has ended.
  • He stated that Bitcoin will move sideways or bearish for the next 6-12 months.
  • He explained that new liquidity is being depleted, and new whales are selling Bitcoin at lower prices.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

A claim has emerged that the bull market for Bitcoin (BTC), the leading cryptocurrency, has ended.

On the 18th (local time), Ki Young Ju, CEO of CryptoQuant, stated through X (Twitter), "The Bitcoin bull cycle is over. It will move sideways or bearish for the next 6-12 months."

Regarding the reasons for predicting a bearish or sideways movement, he added, "As new liquidity is depleted, new whales are selling Bitcoin at lower prices."

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