CryptoQuant CEO Backtracks: ’I Misread Bitcoin’s Bull Cycle’

In a rare mea culpa, CryptoQuant’s chief executive concedes his bullish Bitcoin predictions missed the mark—proving even crypto ’experts’ can get caught holding the bag.

Market cycles humiliate another forecast—this time, a top analyst eats crow as BTC defies his timeline. Meanwhile, Wall Street quietly reloads its ’told-you-so’ ammunition.

At press time, BTC has gone up by more than 3% in the past 24 hours. It is currently trading hands at $102,773. This is the first time BTC has surpassed the $100,000 threshold since February this year. However, its daily trading volume has dipped by over 30% to $51 billion.

Although Ju believes that the indicators of a bearish or a bullish market are changing, he still maintains the significance of analysing on-chain data to determine the direction of the market, as he has done in previous market analyses.

Overall, Ju stated the market is currently in a transitional period, where it is neither bullish nor bearish at the moment. This is because he observed that the market is still slow in absorbing new liquidity.

“Of course, the recent price action is extremely bullish, but I’m talking about the profit-taking cycle,” clarified Ju.

Back in March, Ki Young Ju predicted that in the next six to 12 months, Bitcoin will see “bearish or sideways price action.” To support his point, Ju shared a historical chart, which highlighted BTC’s profit and loss index cyclical signals dating back from 2014 until the present day.

Shortly after, Bitcoin had continued to descend until it dipped below $75,000 after TRUMP announced his Liberation Day blanket tariffs.