CryptoQuant CEO indicates Bitcoin bear market onset with key metrics signaling downturn.
Bitcoin’s bull cycle may be over according to Ki Young Ju, CEO of CryptoQuant, suggesting a bear market lasting 6-12 months as of March 17, 2025.
The announcement carries significant implications due to potential extended market downturns, with immediate effects on investor sentiment globally.
CryptoQuant CEO: Onchain Metrics Indicate Bear Market
Ki Young Ju’s statement on Twitter marks a significant shift in the crypto market’s outlook. This declaration follows a period of loss, with Bitcoin and Ethereum experiencing negative price changes.
Ju emphasized that every onchain metric signals a bear market, pointing to new whales selling Bitcoin at lower prices due to dwindling fresh liquidity.
Bitcoin and Ethereum See Immediate Price Drops
The immediate reaction has been reflected in a drop in Bitcoin’s value by 3.2% and Ethereum by 5.1% over 24 hours. Investors are cautious amid potential ongoing bearish trends.
Prominent industry figures like Raoul Pal remain optimistic about long-term prospects, citing macroeconomic factors such as institutional adoption. This contrasts with the current cautious sentiment.
Raoul Pal, CEO of Real Vision, tweeted, “While short-term sentiment is bearish, I remain long-term bullish on Bitcoin. Macro factors like institutional adoption and monetary policy still favor crypto over a multi-year horizon.”
Experts Weigh in on Bear Market Duration
Historically, bitcoin bear markets have lasted between 12-18 months, such as after the 2024 all-time high. The community is wary of potential extended downturns compared to past experiences.
Experts suggest a focus on macro trends like monetary policy. Pal notes that long-term bullishness persists despite short-term declines. Building and adoption continue to be strategic focuses in the crypto industry, as highlighted by Changpeng Zhao.
