Bitcoin CEO's Admission of Inaccurate Prediction About Bull Cycle
Hey there! CryptoQuant CEO, Ki Young Ju, has had a change of heart about Bitcoin's market after it soared past the $100k mark. Earlier in March 2025, he predicted the end of the Bitcoin bull run. However, his recent post on social media apologized for his wrong prediction and admitted that the market's become more diverse, thanks to the involvement of institutional investors, government agencies, and ETFs.
This transformation means the good old days of relying on the traditional whale and retail-dominated market model are over. Instead, Ki Young Ju believes the Bitcoin market is now governed by a diverse crowd of players. As a result, he thinks it's high time to abandon the practice of measuring market sentiment solely based on profit-taking cycles, which usually involve big players cashing out during price peaks.
Now, the focus should be on how much new liquidity is pouring into the Bitcoin market from these new institutional and ETF players. This new influx could counterbalance even the strongest selling actions by the old whales. In his latest update, Ki Young Ju expressed that we're currently in a transitional period, where market sentiments are neither bullish nor bearish. This transition arises from the slow absorption of new liquidity.
On a separate note, Steak 'N Shake announced it will start accepting Bitcoin payments this month. Currently, Bitcoin is trading at around $102,773, having surpassed the $100k threshold for the first time since February 2025. Despite this bullish run, its daily trading volume plummeted by over 30% to $51 billion.
Back in March, Ki Young Ju foresaw a bearish or sideways price action for Bitcoin in the next six to 12 months, supporting his prediction with historical chart data depicting BTC's profit and loss index cyclical signals. However, his accurate prediction of the $100k mark has made him revise his outlook, acknowledging the potential for continued price increases driven by technological advancements and regulatory changes.
In a nutshell, Ki Young Ju thinks the Bitcoin market is no longer beholden to the same patterns that governed its earlier days. Instead, it's shaped by a complex interplay of institutional investment, regulatory factors, and technological advancements. So, buckle up, folks, as the crypto world continues to evolve!
- Ki Young Ju, the CEO of CryptoQuant, has revised his Bitcoin outlook due to the market's transformation, now admitting that the market is governed by a diverse crowd of players, including institutional investors, government agencies, and ETFs.
- In his latest updates, Ki Young Ju emphasizes the significance of analyzing new liquidity pouring into the Bitcoin market from these new institutional and ETF players, as this could potentially counterbalance strong selling actions by the old whales.
- The Bitcoin market, according to Ki Young Ju, is no longer solely measured based on profit-taking cycles, due to its diversification, and instead requires a more intricate understanding of the interplay between institutional investment, regulatory factors, and technological advancements.
- Bitcoin is currently trading at around $102,773, having surpassed the $100k threshold for the first time since February 2025, despite a daily trading volume plummet of over 30% to $51 billion.
- Ki Young Ju previously predicted a bearish or sideways price action for Bitcoin in the next six to 12 months based on historical chart data, but his accurate prediction of the $100k mark has led him to acknowledge the potential for continued price increases driven by technological advancements and regulatory changes.
- Steak 'N Shake, a restaurant chain, will start accepting Bitcoin payments this month, as the crypto world continues to evolve, no longer relying on the traditional whale and retail-dominated market model.