Cryptoquant CEO Ki Young Ju stirred the conversation on X this week, suggesting the sector could brace for “6–12 months of bearish or sideways price action.” His forecast has left investors split, sparking debates over whether to hold steady or prepare for choppier waters ahead. “Bitcoin bull cycle is over, expecting 6–12 months of bearish or sideways price action,” the Cryptoquant executive stated.
Ki Young Ju highlighted that every onchain indicator points to a bear market. With new capital drying up, emerging whales are offloading BTC at discounted rates, he added. Cryptoquant’s CEO further noted that his platform’s users, the one’s who subscribe to his alerts, already got this heads-up days earlier. He’s guessing they’ve already tweaked their strategies in response.
His X post continued:
This alert applies PCA to on-chain indicators like MVRV, SOPR, and NUPL to compute a 365-day moving average. This signal identifies inflection points where the trend of the 1-year moving average changes.
Screenshot image of the alert Ki Young Ju shared on X.
A wave of people chimed in on Ki Young Ju’s X post. “Wow, are people actually giving up before the biggest wealth shift in history?” Others saw the post as a hint that alternative digital assets might start stealing the spotlight. “Altseason begins,” one person responded. Cryptoquant’s CEO sprinkled extra logic into his viewpoint by adding to the X thread.
“I’ve been calling for a bull market over the past two years, even when indicators were borderline. Sorry to change my view, but it now looks pretty clear that we’re entering a bear market,” he added. “Realized cap-based indicators show a lack of new liquidity. Massive volume around 100K failed to push the price higher, and ETF inflows have been negative for three consecutive weeks.”
The Cryptoquant CEO concluded by stating:
I can’t keep sharing just my hopes when the data keeps signaling bearish. I’m not going to short BTC and still hold my spot.
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