CryptoQuant founder Ki Young Ju has given an optimistic forecast for Bitcoin, claiming that the bull market has already begun. He expects the price to increase by 3 to 5 times from the lows, without predicting a repeat growth of 10 times. The reason for the more moderate growth is attributed to the influence of institutional ETFs and custodial fund flows, which reduce the volatility of the cryptocurrency market. Surprisingly, Ju also stated that the bull market completed its downturn this summer. In his view, current on-chain data shows that fresh capital is entering the market and sales from large holders are no longer occurring. Ju emphasizes that this demonstrates investor confidence and opens up new growth opportunities.
According to Ju, institutional investors have begun to actively participate in the market, which is another signal of the end of the bear cycle. He notes that the realized market capitalization of Bitcoin is currently nearly $700 billion, which provides trillions of dollars in the next cycle. In the coming months, the focus will be on the behavior of market players, including flows from Coinbase wallets, which may indicate who is buying the asset.
Ju assures that the end of the bear market signals changes in on-chain analytics, where custodial wallets are becoming important indicators. He emphasizes that such structures show how the market landscape is changing and how they affect investments from both institutional players and retail traders. This could lead to new trends and trading principles in the future, which, in his opinion, investors and analysts need to consider to stay informed.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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