U-Ki Young Ju ongumsunguli we-CryptoQuant uthe ulindele ukuthi imakethe yenkomponi (bull) yamanje ye-Bitcoin izokhiqiza intuthuko engu-3x kuya ku-5x kunokuba kube ukugxuma okungenamkhawulo okungu-10x+ (parabolic), kulandelwe imakethe yebhere (bear) ebuthakathaka kakhulu. Ubuye waphawula ukuthi nakuba imijikelezo yangaphambilini ebixhaswe abathengi (retail) kanye nobuncane bamalikhwidi (low-liquidity) ibone imali esheshayo (hot money) ishayela ukukhuphuka okusheshayo okuqondile (vertical rallies) kanye nokudonswa okukhulu okungama-80%, ukwanda kokuba nezikhungo (institutional ownership) kanye nokwenyuka kwemali yemakethe (market capitalization) kuqinisa ngokwemvelo ukwehliswa kokuguquguquka (volatility) kuzo zombili izinhlangothi.

Ekhombisa ngezinkomba ze-on-chain, uveze ukuthi i-MVRV ayikaze yehle ngaphansi kuka-1 kule mjikelezo, kanti i-realized cap iyakhuphuka ngemali entsha, ama-“OG” whales okuqala amise ukusatshalaliswa (distributions), ama-futures whales agcwalise ngokuzimisela ukuchayeka eku-long eduze nokuphansi komjikelezo (cycle lows), futhi i-365-day moving average ye-CryptoQuant’s PnL Index isakha indawo yokugudluka (inflection point) enencazelo.