CryptoQuant founder expects Bitcoin to rise 3 to 5 times this cycle
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AT A GLANCE
Ki Young Ju believes Bitcoin is in the early stage of a new cycle and expects gains of 3 to 5 times this cycle, recommending the use of on-chain activity to assess overheating.
Article
CryptoQuant founder: Bitcoin is expected to see a 3 to 5-fold increase this cycle; on-chain activity should be given greater attention as a signal of market overheating
PANews October 3 reported that, according to analysis by CryptoQuant founder Ki Young Ju, the Bitcoin bull market has begun and is currently in the early stages of a new cycle. Ki Young Ju noted that the market has undergone significant structural changes, with ETF and other traditional financial channels becoming the primary sources of liquidity in this cycle. As long-term holders stop selling and new capital continues to flow in, Bitcoin has successfully reclaimed September at the bottom, 83000 USD a key annual moving-average level. Ki Young Ju analyzed that, due to the expanded market size and greater institutional participation, volatility will decline this cycle, and Bitcoin is expected to achieve a 3 to 5-fold increase, rather than the explosive gains of more than 10 times seen in previous cycles. He emphasized that signals of market overheating should focus more on on-chain activity, such as whales depositing funds to exchanges and retail investors entering the market, rather than price alone...
PANews relayed CryptoQuant founder Ki Young Ju's analysis of the Bitcoin market cycle.
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Ki Young Ju said the Bitcoin bull market has begun and is currently in the early stages of a new cycle.
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Ki Young Ju said ETF and other traditional financial channels have become the primary sources of liquidity in this cycle.
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Ki Young Ju said that long-term holders have stopped selling and new capital continues to flow in, allowing Bitcoin to reclaim September at the bottom, 83000 USD a key annual moving-average level.
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Ki Young Ju expects volatility to decline this cycle, with Bitcoin rising 3 to 5 times, rather than more than 10 times as in previous cycles.
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Ki Young Ju recommends paying greater attention to on-chain activity, such as whales depositing funds to exchanges and retail investors entering the market, to determine whether the market is overheating.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a market analyst's assessment of the Bitcoin cycle. He believes that funds brought in through channels such as ETF, the cessation of selling by long-term holders, and inflows of new capital have supported the current market. At the same time, as market size and institutional participation increase, gains may not be as dramatic as in previous cycles. In assessing whether the market is overheating, he places greater emphasis on actual on-chain capital flows, such as whether large holders are transferring coins to exchanges and whether retail investors are entering the market in large numbers.
Why it matters to readers
This view provides a bullish framework for observing the market and shifts the focus from price itself to capital flows and holder behavior. However, a 3 to 5-fold increase is a forecast and should not be treated as having already occurred or as certain to be realized.
Beginners can use this type of content as a clue for monitoring market sentiment and on-chain indicators, but should not treat individual forecasts directly as a basis for trading decisions; they can continue to monitor ETF related capital flows, whale deposits, and retail participation.
Risks and unknowns
3 The 5-fold increase and the assertion that the bull market has begun are both Ki Young Ju's analytical judgments; the source text does not yet confirm that they will be realized.
The source text does not provide specific on-chain data, statistical definitions, or calculation methodologies supporting these judgments.
Related Developments
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The main text ends with an ellipsis and prompts readers to view the full article; the currently available evidence may omit subsequent qualifications.
The source text does not specify the starting point, target range, or time horizon for the 3 to 5-fold increase.
Related concepts
ETF
An exchange-traded fund (ETF) is a fund product that can be traded on the market like a stock.
An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
