CryptoQuant CEO Ki Young Ju announced today that Bitcoin’s bull cycle “is over” and warned investors to brace for “6–12 months of bearish or sideways price action.” This development comes after the on-chain analytics veteran had previously urged caution but maintained a measured outlook on the market as recently as two weeks ago. Is The Bitcoin Bull Run Over? In a post shared today via X, Ki stated:“Bitcoin bull cycle is over, expecting 6–12 months of bearish or sideways price action.” Related Reading: Bitcoin To $10 Million? Experts Predict Explosive Growth By 2035 Along with the comment, the CEO highlighted the Bitcoin PnL Index Cyclical Signals—an index that aggregates multiple on-chain metrics, such as MVRV, SOPR, and NUPL, to pinpoint market tops, bottoms, and cyclical turning points in Bitcoin’s price. According to Ki, this indicator has historically offered reliable buy and sell signals. He further explained how an automated alert, previously sent to his subscribers, combined these metrics into a 365-day moving average. Once the trend in this 1-year moving average changes, it often signals a significant market i ..
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