bitcoin-usd/”>BITCOIN DOOMSDAY: “Bull Cycle Over”
As the sun rises over the cryptocurrency landscape, a sense of foreboding settles over the Bitcoin market. Ki Young Ju, the esteemed founder and CEO of CryptoQuant, has emerged from the shadows to issue a dire warning: the bull cycle has come to an end, and the bears are ready to pounce.
Like a Cassandra prophesying doom, Ju has shared a chart displaying the BTC PnL (Profit and Loss) Index cyclical signals, which suggests that the bulls’ hopes for a new high are nothing but a distant memory. The CryptoQuant boss believes that several on-chain indicators are screaming “bear market,” and that the current trend will persist for the next half-year or even year.
Ju’s words are like a cold wind on a winter’s night: “Every on-chain metric signals a bear market. With fresh liquidity drying up, new whales are selling Bitcoin at lower prices.” His followers, who had the foresight to subscribe to his alerts, have likely already adjusted their positions, but for the rest of us, it’s too late. The die has been cast.
Every on-chain metric signals a bear market. With fresh liquidity drying up, new whales are selling Bitcoin at lower prices.@cryptoquant_com users who subscribed to my alerts received this signal a few days ago. I assume they’ve already adjusted their positions, so I’m posting…
— Ki Young Ju (@ki_young_ju) March 17, 2025
Ju’s analysis is like a surgeon’s scalpel, cutting through the noise to reveal the underlying truth. He applied PCA to on-chain indexes such as the MVRV, SOPR, and NUPL to calculate a 365-day moving average, which is used to identify turning points in the one-year moving average trend. But will anyone listen?
Bitcoin may go back to $10,000: Mike McGlone
Meanwhile, prominent commodity strategist at Bloomberg Intelligence Mike McGlone is sounding the alarm, warning that Bitcoin has a high probability of losing a zero from $100,000 and crashing back to $10,000. The parallels he draws between Bitcoin and the dot-com tech bubble are like a ghostly apparition, haunting the dreams of investors.
McGlone’s prediction is like a ticking time bomb, waiting to unleash its fury on the market. Will anyone take heed of his warning, or will they be caught off guard when the inevitable crash occurs?
The expert’s words are like a clarion call, warning of a market leadership shift from Bitcoin to gold. The writing is on the wall, and it’s time to take notice.
As the U.S. stock market crashes and burns, Bitcoin is moving in tandem with the S&P 500 index, like a ship sailing on a stormy sea. Will anyone be able to navigate these treacherous waters, or will they be swept under by the waves of despair?
Only time will tell, but one thing is certain: the Bitcoin market is a wild and unpredictable beast, and those who venture into its depths do so at their own peril.
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2025-03-18 12:43