- Bitcoin News: CryptoQuant CEO, by analyzing on-chain data, unveiled the potential timeline for the current Bitcoin bull cycle to end, catching the eyes of the investors.
- The recent surge in the cryptocurrency market, propelled by notable rallies in major coins like Bitcoin and Ethereum, has instilled optimism among investors.
- “Based on historical trends, such cycles typically last for about two years,” said CryptoQuant CEO Ki Young Ju.
Explore the latest insights on Bitcoin’s potential bull cycle timeline and its impact on investor sentiment.
Analyzing On-Chain Data for Bitcoin’s Bull Cycle End
CryptoQuant CEO Ki Young Ju has drawn attention to on-chain data to provide insights into the trajectory of Bitcoin’s bull cycle. Sharing a Bitcoin price chart on the X platform, Ju highlighted that the cryptocurrency is currently amid its bull cycle, with its market capitalization outpacing its realized cap.
Renewed Investor Interest in U.S. Spot Bitcoin ETF
The U.S. Spot Bitcoin ETF has seen significant inflows, indicating a renewed investor interest. According to Farside Investors data, the ETF recorded inflows exceeding $726 million over the past four days. Bloomberg Senior ETF analyst Eric Balchunas highlighted the ETF’s robust performance, with inflows totaling $1.3 billion over the past two weeks.
Conclusion
This analysis by CryptoQuant CEO Ki Young Ju offers a valuable perspective on the potential end of the current Bitcoin bull cycle, suggesting a timeline that could influence investment strategies. With significant inflows into the U.S. Spot Bitcoin ETF and a general positive sentiment in the market, investors are keenly watching the developments to make informed decisions.
