CryptoQuant CEO Predicts Bitcoin Bull Cycle to Conclude by April 2025
Key Takeaways:
– CryptoQuant CEO, Ki Young Ju, predicts that the bull cycle in the Bitcoin market could come to an end by April 2025.
– Bitcoin’s market cap is growing at a faster rate than its realized cap, indicating bullish momentum.
– The recent U.S. CPI report, which showed a softer-than-expected increase of 0.3% for April, has boosted investor confidence and led to a 7% surge in Bitcoin’s price to $67K.
– Historical data suggests that when market cap growth exceeds realized cap growth, it signifies a strong bull market phase.
– If this pattern continues, the current bull run could last for another year and a half before ending in April 2025.
Bitcoin’s market performance has attracted significant attention from investors, as recent trends suggest that the ongoing bull cycle could extend further. The release of the U.S. CPI report, which revealed a modest 0.3% increase in April, has further bolstered investor confidence. As a result, Bitcoin’s price experienced a notable surge of 7%, reaching $67K.
CryptoQuant CEO, Ki Young Ju, has observed that Bitcoin’s market cap is surpassing its realized cap growth. This discrepancy historically signifies a robust bullish phase. Ju predicts that this bullish period could potentially continue until April 2025.
In a recent tweet, Ki Young Ju emphasized the faster growth of Bitcoin’s market cap compared to its realized capitalization. The realized cap, which represents the total value of all Bitcoin based on their most recent transaction prices, offers a clear depiction of the market’s economic activity.
The historical data supports the notion that when market cap growth outpaces realized cap growth, it signifies strong market momentum, which is characteristic of bull cycles. Similar trends have been observed during previous bull cycles, where market cap growth exceeds realized cap growth, indicating a high level of market momentum and investor confidence. If this pattern holds true, it suggests that the ongoing bull run, which is already underway, could potentially continue for another year and a half.
However, it should be noted that Ki Young Ju’s prediction of the bull cycle ending by April 2025 is a rough estimate. Investors and market observers should consider this timeline while strategizing their investments and preparing for potential market shifts.