Bitcoin bull market is over
According to the CEO of Crypto Quant, the Bitcoin’s bull market is over and you can now expect 6-12 months of bearish price action. He adds that every single on-chain metric now points to a bear market.
The fresh liquidity has dried up and new whales are selling their Bitcoin at lower prices. Ki Young, the CEO, says recent indicators and poor liquidity has changed his views and he is certain that cryptocurrency world is now entering a bear market.
Realized cap-based indicators show a lack of new liquidity. Massive volume around 100K failed to push the price higher, and ETF inflows have been negative for three consecutive weeks.
If you ask us, it does look like bitcoin has topped but like the 2020-2021 bull market, we believe there is space one last pump and a small, but big altcoin season in the month of April that will end by the mid of May 2025, before this bull run ends.
If this infact happens, this will be the first bitcoin cycle with small or no proper altcoin season where people got 10-20x returns.