{"id":125285,"date":"2025-03-18T06:19:53","date_gmt":"2025-03-18T06:19:53","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125285"},"modified":"2025-03-18T06:19:53","modified_gmt":"2025-03-18T06:19:53","slug":"bitcoin-bull-cycle-is-over-cryptoquant-ceo-warns-citing-onchain-metrics","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125285","title":{"rendered":"\u2018Bitcoin bull cycle is over,&#039; CryptoQuant CEO warns, citing onchain metrics"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCryptoQuant\u2019s head chief says Bitcoin\u2019s bull market could already be over \u2014 changing his stance from earlier in the month when he said the Bitcoin bull cycle will be slow but \u201cis still intact.\u201d<br \/>\n\u201cBitcoin bull cycle is over, expecting 6-12 months of bearish or sideways price action,\u201d CryptoQuant founder and CEO Ki Young Ju said in a March 17 X post.<br \/>\nAll signals are currently bearish, says Ju<br \/>\nJu said that all Bitcoin (BTC) onchain metrics indicate a bear market. \u201cWith fresh liquidity drying up, new whales are selling Bitcoin at lower prices,\u201d Ju said.\u00a0<br \/>\nIt comes only days after Cointelegraph reported that Bitcoin funding rates, which reflect the cost of holding long or short positions in crypto futures, are hovering close to 0%, indicating increasing indecisiveness among traders.<br \/>\nJu\u2019s claim is in stark contrast to his March 4 post, where he said the Bitcoin bull cycle will remain slow but \u201cis still intact,\u201d pointing to neutral readings on key indicators.<br \/>\n\u201cFundamentals remain strong, with more mining rigs coming online,\u201d Ju said in a March 4 X post.<br \/>\nOther analysts aren\u2019t as bearish. Swyftx lead analyst Pav Hundal told Cointelegraph that \u201cthere is no reason to panic.\u201d<br \/>\nHundal explained that while investors are \u201cspooked\u201d by US President Donald Trump\u2019s tariffs, \u201call the numbers show a global economy that is pointing in the right direction.\u201d<br \/>\n\u201cMoney will move to on-risk assets when the market is ready to take on risk.\u201d<br \/>\nAt the time of publication, Bitcoin is trading at $83,030, down 14.79% over the past month, according to CoinMarketCap data.<br \/>\nBitcoin is down 14.89% over the past month. Source: CoinMarketCapSome analysts think that given that the global M2 money supply has just reached new highs, Bitcoin could be set for an uptrend.<br \/>\n\u201cI\u2019m saying Global Money Supply just made another new ATH. We are about to see Bitcoin rally again,\u201d crypto analyst Seth said in a recent X post.<br \/>\nLikewise, CoinRoutes CEO Dave Weisberger said that if the historical trend persists, Bitcoin could reach all-time highs by late April.<br \/>\n\u201cExpect Bitcoin to hit a new ATH within a month if its BETA correlation to money supply holds,\u201d Weisberger said in a March 17 X post.<br \/>\nRelated: Bitcoin price fails to go parabolic as the US Dollar Index (DXY) falls \u2014 Why?<br \/>\nHowever, based on historical data, Bitcoin\u2019s current price is 67% lower than the lower bound should be, according to former Phunware CEO Alan Knitowski.<br \/>\n\u201cAt this stage of the cycle, the lower bound of the historical range should be around $250,000,\u201d Knitowski said in a March 17 X post.<br \/>\nSource: Alan KnitowskiSwan Bitcoin CEO Cory Klippsten recently told Cointelegraph that \u201cthere\u2019s more than a 50% chance we will see all-time highs before the end of June this year.\u201d Bitcoin\u2019s current all-time high of $109,000 was reached on Jan. 20, just hours before Trump was inaugurated as US President.<br \/>\nMagazine: Crypto fans are obsessed with longevity and biohacking: Here\u2019s why<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-bull-run-over-cryptoquant-ceo-sparking-debate?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCryptoQuant\u2019s head chief says Bitcoin\u2019s bull market could already be over \u2014 changing his stance from earlier in the month when he said the Bitcoin bull cycle will&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125285"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125285"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125285\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125285"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}