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Bitcoin’s Bull Cycle Halfway Through, CryptoQuant CEO Predicts End by April 202

Snapshot

CryptoQuant CEO Ki Young Ju believes Bitcoin’s current bull cycle is only halfway through, predicting it could end by April 2025 based on the cryptocurrency’s market cap growth outpacing its realized cap.

Why It Matters

The insight from CryptoQuant’s CEO is significant for crypto investors and enthusiasts, as it provides a potential timeline for the current Bitcoin bull cycle. Understanding the market’s trajectory can help inform investment decisions and strategies.

By the Numbers

  • Bitcoin is currently trading at $67,014, up more than 2% in the past 24 hours and 10% in the past seven days.
  • Short-term holders are selling Bitcoin at low or negative profits, indicating exhausted unrealized profits and decreased selling pressure.
  • Bitcoin balances at OTC trading desks have stabilized, suggesting less supply entering the market.

What’s Next

For the Bitcoin price rally to sustain, demand from permanent holders and large investors needs to accelerate. Investors should keep an eye on these key market participants and their activity in the coming months.

The Big Picture

If Young Ju’s prediction holds true, the current Bitcoin bull cycle could continue for another two years, presenting opportunities for investors to capitalize on the market’s growth. However, it’s crucial to consider that the cryptocurrency market is highly volatile and subject to various external factors, such as regulatory changes and global economic events.

What do you think about CryptoQuant CEO’s prediction for the Bitcoin bull cycle? Do you believe it will end by April 2025, or do you have a different outlook? Leave a comment below and share your thoughts on the future of Bitcoin and the broader cryptocurrency market.

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