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CryptoQuant founder Ki Young Ju says the Bitcoin bear-market cycle has ended; the next 12 to 24 months may bring gains or sideways trading.
BlockBeats reported that CryptoQuant analyst Crypto Dan said the shares of supply in loss and in profit have diverged again, and the market is close to completing its transition to an uptrend cycle.
Ansem stated that the current crypto market environment is closer to 2020 to 2021 year DeFi expansion, and that stablecoins and tokenized stocks may bring new capital, products, and speculative activity.
CryptoQuant founder Ki Young Ju said the Bitcoin bull market has begun and expects gains of 3 to 5 times this cycle, recommending that overheating be assessed through on-chain activity such as whale deposits and retail investor participation.
BlockBeats cited former FTX community partner Benson Sun as saying that Bitcoin may gradually reach new highs this cycle, with multiple local topping signals potentially emerging in the later stages. He proposed using divergences in the Institutional Liquidity Index to help track the cycle's progress.
On-chain analyst Darkfost said that Bitcoin's short-term holder cost basis has broken above the active long-term holder cost basis, indicating that cycle momentum may have shifted.