Bitcoin’s Bull Cycle: Is It Really Over or Just Taking a Nap? 🐻💤

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Ah, Bitcoin! The capricious darling of the financial world, whose price dances like a drunken ballerina at a wedding. Recently, it has sent tremors through the market, hinting at the end of its bull cycle. The esteemed CEO of CryptoQuant, in a moment of dramatic flair, declared on a Tuesday that the “BTC bull cycle is over,” sending investors into a tizzy reminiscent of a cat caught in a rainstorm. Yet, as the statistics roll in, one might wonder if this is merely a prelude to a grand rally, like a play that has yet to reveal its final act. 📉🎭

As of the latest news, Bitcoin has lost nearly 1% of its value, now trading at a modest $83,179. It seems to have settled into a comfortable routine, lounging around the $80K-$85K range like a cat on a sunny windowsill. 🐱☀️

In a post on X, the ever-optimistic Ki Young Ju, the CryptoQuant CEO, expressed his belief that the bull cycle has indeed met its demise. He predicts a long, dreary stretch of 6-12 months filled with bearish or sideways trading, much like a winter that refuses to end. ❄️

“Every on-chain metric signals a bear market,” he lamented, as if he were reading the last chapter of a tragic novel. His observations of liquidity drying up and whales selling at lower prices paint a rather bleak picture. 🐋💔

Moreover, this ominous warning aligns with the PCA (Principal Component Analysis), a fancy term for a metric that analyzes on-chain aspects. After scrutinizing various indicators, Young has identified a trend reversal, or as I like to call it, a dramatic plot twist. 🎭

But fear not, dear reader! While some wring their hands over potential corrections, other developments are stirring the crypto pot. 🍲

Stablecoin Inflow Surge Sparks Optimism

In a delightful twist, Matrixport reported on March 18 that stablecoin inflows are surging, much like a wave of optimism crashing onto the shores of despair. Tether (USDT) and Circle (USDC) are witnessing a steady stream of inflows, bringing liquidity to the market like a refreshing breeze on a hot summer day. 🌊💨

While the growth of stablecoins has moderated since last year, fresh capital continues to flow into the crypto market, signaling a renewed investor sentiment. It’s as if the market is saying, “Don’t worry, be happy!” 🎶

This delightful saga has sparked bullish sentiments, suggesting that Bitcoin demand may rise like bread in a warm oven. 🍞

Metaplanet Continues Buying Spree

Meanwhile, Japan’s Metaplanet is on a buying spree, acquiring 150 BTC worth $12.5 million as part of its treasury operations. It’s like watching a child in a candy store, eyes wide with excitement! 🍬

This constant buying is a confidence booster for market participants, indicating a shift towards the crypto asset class. Even the Singapore Exchange is eyeing Bitcoin futures contracts, as if it were a new fashion trend. 👗📈

And let’s not forget Michael Saylor’s Strategy, which recently purchased 130 coins for $10.7 million. It seems everyone wants a piece of the Bitcoin pie! 🥧

Price Rally Awaits?

Crypto analyst ‘Stockmoney Lizards’ shared on X that BTC is currently in a corrective channel, characterized by lower highs and lower lows. However, this bearish momentum is waning, much like a storm passing over a calm sea. 🌊⛈️

For context, bullish divergence signals a potential reversal in a downtrend, suggesting that price gains may be on the horizon. Yet, a dip to the mid-low 70s is anticipated, like a rollercoaster ride that has yet to reach its

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2025-03-18 14:03