What to Know:
- The Bitcoin bull market has tapped out, says CryptoQuant CEO Ki Young Ju. He anticipates 6-12 months of price action so exciting, it’s basically a financial nap. 💤
- A return to $63,000 is possible (yay?), but beware of sharp dives thanks to bearish signals. Market liquidity? Missing, like that sock from your laundry load.
- Global economic instability and geopolitical tensions are the sprinkles on this totally-not-depressing crypto sundae. 🍨
The Bitcoin (BTC) bull market, folks, has officially packed its bags and gone on a long sabbatical. According to CryptoQuant’s founder and potential bearer of sad balloons, Ki Young Ju, this party’s over. 🎈🎉 Oh wait, not the good kind of balloons.
#Bitcoin bull cycle is over, expecting 6–12 months of bearish or sideways price action.
— Ki Young Ju (@ki_young_ju) March 17, 2025
Ju elaborated on his platform (formerly known as Twitter, now oddly shortened to just “X”—thanks, Elon 🙄). His argument? Bitcoin’s bull run is wheezing like an asthmatic trying to climb Everest, thanks to vanishing liquidity.
“New liquidity? Yeah, not happening,” he said, painting a picture so uplifting you may need a hug afterward. Apparently, even when we saw trading volumes rocket past $100K, Bitcoin’s price stayed as frozen as a deer staring down an oncoming truck. 🚚 Oh, and BlackRock’s IBIT saw three weeks of outflows—because why not make things more festive?”
Meanwhile, a recent report from CryptoQuant suggests that Bitcoin *might* revisit the $63,000 level—so break out the confetti cannons … or maybe don’t. The ominous MVRV Z-score (sounds suspiciously like a glitchy robot sidekick) has told analysts, “Hey guys, we’re in the danger zone!” Apparently, when this score dips below its 365-day moving average, it doesn’t spell champagne and yachts—it spells bear markets and budget ramen. 🐻🍜
CryptoQuant analysts are clutching their calculators and noting that the $75,000-$78,000 range is crucial. But with sluggish whale accumulation (thanks for nothing, whales 🐋) and U.S.-based ETFs turning into net sellers, downward pressure is piling up like laundry during finals week. It’s not pretty.
The doom choir doesn’t stop there. LMAX Group’s Joel Kruger and Coinbase Institutional’s David Duong added their voices, warning that the *real* kryptonite for crypto is the trifecta of weak U.S. equities, global conflicts, and that delightful thing we call stagflation. Ah yes, stagflation: where everything costs more but nobody has money. A true crowd-pleaser.
In the land of predictions, Polymarket bettors are placing a 51% chance that Bitcoin will flirt awkwardly with the $81K-$87K range before week’s end. Meanwhile, there’s a 31% shot it’ll nosedive to $75K by the month’s close. Stay tuned—it’s basically crypto’s version of roulette, but with fewer free drinks. 🎰
As for the numbers? Bitcoin is currently down 15% in the last month, which—for perspective—means it erased any post-election gains faster than you can say, “Wait, wasn’t this supposed to go up?”
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2025-03-18 09:53