CryptoQuant CEO Ki Young Ju has made a sudden shift in his outlook on Bitcoin’s future. In a recent post, he stated that the BTC bull market has ended and predicted 6–12 months of bearish or sideways trading.
Ju explained that on-chain metrics indicate a cooling phase, with liquidity drying up and new "whale" investors selling off, exerting downward pressure on BTC’s price.
His statement surprised many in the crypto space, as just two weeks ago, on March 4, he was still bullish on Bitcoin, albeit at a slower growth pace. At the time, he highlighted strong fundamentals and pointed to a continued increase in active mining operations.
Analysts Dismiss Panic Over Bitcoin’s Price Action
Not all experts agree with Ki Young Ju’s bearish stance. Pav Hundal, the lead analyst at Swyftx, emphasized that there is no immediate reason for a Bitcoin crash.
He acknowledged that investors are worried about Donald Trump’s tariff policies, but noted that overall macroeconomic indicators remain positive.
“Money will start flowing into risk assets again when the market is ready for it,” Hundal stated.
Some analysts believe that Bitcoin’s price could rebound due to increasing global liquidity.
- Crypto analyst Seth pointed out that the global money supply has reached a new all-time high, which could push BTC higher.
- CoinRoutes CEO Dave Weisberger suggested that if Bitcoin’s historical correlation with monetary supply continues, BTC could hit a new all-time high (ATH) by the end of April.
- Former Phunware CEO Alan Knitowski argued that Bitcoin is currently undervalued. Based on previous market cycles, he believes that BTC’s historical price floor should now be around $250,000.
Changpeng Zhao (CZ), former CEO of Binance, weighed in on Bitcoin’s price volatility, stating that "BTC won’t die" despite the current downturn.
He attributed Bitcoin’s decline below $83,000 to multiple factors:
- Investor fears over Trump’s trade wars
- ETF outflows
- Statements from the Federal Reserve (Fed)
However, CZ remains optimistic, saying that the market will continue evolving.
Previously, Ki Young Ju himself had noted that 30% pullbacks are common during Bitcoin bull markets. He reminded investors that in 2021, Bitcoin experienced a 53% correction before reaching a new ATH.
While some expect BTC to trade sideways for months, others remain bullish on a potential new breakout — especially if global liquidity continues to rise.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.