CryptoQuant CEO Ki Younger Ju says he was incorrect in regards to the Bitcoin bull cycle being “over” after BTC not too long ago surpassed the $100k mark. He believes that the market is at the moment in a transitional section.
In a current put up, CryptoQuant founder and CEO Ki Younger Ju apologized to his followers for making an incorrect prediction relating to the top of Bitcoin (BTC) bull cycle earlier in March 2025. This was confirmed by the obvious comeback BTC made when it returned to the $100k mark on Might 8, shortly after President Trump introduced a brand new commerce cope with the U.Okay.
“I apologize for the incorrect prediction. I will strive to provide higher-quality analyses in the future. Thank you,” mentioned Ju.
He concluded that the BTC market not depends on the normal whale and retail-dominated mannequin, as an alternative it’s diversified by the presence of ETFs and different institutional gamers.
“The Bitcoin market has become much more diverse. ETFs, MicroStrategy (MSTR), institutional investors, and even government agencies are considering buying and selling Bitcoin,” mentioned Ju in his put up.
Because of this, the CryptoQuant CEO acknowledged that it could be time to throw out the observe of solely utilizing “profit-taking cycles” to measure market sentiment. These cycles are demonstrated by whales cashing out throughout peak worth intervals, which normally triggers a domino impact of sell-offs that ultimately result in a worth drop.
“Now, instead of worrying about old whales selling, it’s more important to focus on how much new liquidity is coming from institutions and ETFs since this new influx can outweigh even strong whale sell-offs,” continued Ju.
At press time, BTC has gone up by greater than 3% up to now 24 hours. It’s at the moment buying and selling fingers at $102,773. That is the primary time BTC has surpassed the $100,000 threshold since February this 12 months. Nonetheless, its each day buying and selling quantity has dipped by over 30% to $51 billion.
Though Ju believes that the symptoms of a bearish or a bullish market are altering, he nonetheless maintains the importance of analysing on-chain information to find out the path of the market, as he has completed in earlier market analyses.
Total, Ju acknowledged the market is at the moment in a transitional interval, the place it’s neither bullish nor bearish in the meanwhile. It’s because he noticed that the market remains to be sluggish in absorbing new liquidity.
“Of course, the recent price action is extremely bullish, but I’m talking about the profit-taking cycle,” clarified Ju.
Again in March, Ki Younger Ju predicted that within the subsequent six to 12 months, Bitcoin will see “bearish or sideways price action.” To help his level, Ju shared a historic chart, which highlighted BTC’s revenue and loss index cyclical indicators courting again from 2014 till the current day.
Shortly after, Bitcoin had continued to descend till it dipped under $75,000 after Trump introduced his Liberation Day blanket tariffs.
