đšBULLISH: CryptoQuant founder expects Bitcoinâs current bull cycle to deliver a 3â5x gain.
Ki Young Ju expects a structurally stronger but less explosive cycle, with institutional ownership and Bitcoinâs larger market cap dampening both upside volatility and the severity of the next bear market.
On-chain signals support the thesis:
- MVRV has remained above 1,
- realized cap continues to rise with fresh capital,
- OG whales have slowed distributions,
- futures whales accumulated aggressive longs near cycle lows, and
- CryptoQuantâs 365-day PnL Index is showing a meaningful inflection point.
Ki Young Ju expects a structurally stronger but less explosive cycle, with institutional ownership and Bitcoinâs larger market cap dampening both upside volatility and the severity of the next bear market.
On-chain signals support the thesis:
- MVRV has remained above 1,
- realized cap continues to rise with fresh capital,
- OG whales have slowed distributions,
- futures whales accumulated aggressive longs near cycle lows, and
- CryptoQuantâs 365-day PnL Index is showing a meaningful inflection point.
