CryptoQuant CEO Claims Bitcoin Is Far From Reaching This Cycle’s Peak
Bitcoin Hasn't Peaked Yet: Will the Bull Market Last Longer Than We Think?
CryptoQuant CEO Ki Young Ju asserts that Bitcoin (BTC) is still far from reaching its cycle peak, despite predictions that a bear market is imminent.
In a series of posts on social network X, Mr. Ju said that on-chain data shows that Bitcoin has maintained a bullish cycle for the past 2 years .
What is noteworthy is that “whales” are continuously accumulating BTC — a phenomenon that has become so familiar that it no longer shocks the market as before.
“In the past, news of whales buying BTC would have made the market go crazy. Now, it’s just routine. We’re currently in a bull market, with about $7 billion in capital flowing into the market every week.”
According to Mr. Ju, Bitcoin has not yet entered a bubble state , where the price far exceeds the real capital flow. He commented:
“There will be corrections, but in a bull cycle, a drop of more than 30% is unlikely. If it does, prices can recover by more than 30% afterwards. The peak of this cycle is still very far away.”
He also challenged those who predicted an impending bear market, asking them to come up with more compelling reasons to prove their point.
Data from CryptoQuant continues to reinforce the belief that Bitcoin is in a growth phase, and the cycle top may not come as soon as many fear.