The CEO of CryptoQuant has stated that the Bitcoin bull market has concluded, and it is probable that a bearish trend will persist for the next 6 to 12 months.

Bitcoin has plummeted 22021% from its all-time high of $22024,22024 reached in January 2025, and is currently priced at approximately $83,500, as market sentiment shifts to “extreme fear.” Utilizing exclusive metrics such as MVRV, SOPR, and NUPL, Ki Young Ju indicates a decrease in liquidity, recent sell-offs by whales, and a drop in ETF inflows. Ju, the CEO of CryptoQuant, cautioned that the bullish period for Bitcoin has concluded. The CEO of CryptoQuant anticipates a drawn-out downward trend in Bitcoin prices over the next six to twelve months. Ju indicated that different on-chain metrics suggest that all signs are indicating the arrival of a bear market. According to Ki Young Ju on X, the decline in new liquidity along with whales selling Bitcoin at reduced prices suggests a weakening market structure. He stated, “Every on-chain metric indicates a bear market,” highlighting the ongoing trend of fresh liquidity diminishing. His assessment utilizes a unique alert system developed by CryptoQuant that implements Principal Component Analysis (PCA) on significant on-chain indicators like MVRV, SOPR, and NUPL. These metrics are then used to determine a 365-day moving average, which helps pinpoint trend reversals in the Bitcoin market cycle. “This signal marks the points where the direction of the 1-year moving average shifts,” he clarified. Ju mentioned, “I verified the data twice—it’s correct.”