Bitcoin Bull Market Predicted to Extend Until Mid-2025, Says CryptoQuant CEO Ki Young Ju

  • Blockchain analytics pioneer Ki Young Ju, CEO of CryptoQuant, offers a detailed forecast on the current Bitcoin (BTC) bull market.
  • Ju’s prediction is based on the realized price for accumulation addresses, which suggests that the bull market could extend for another year.
  • “Bitcoin bull cycle likely until mid-2025. Old whales take profits during bull markets. Their selling brings new capital into accumulation addresses, raising realized prices.”

Discover when experts predict the current Bitcoin bull market will peak and why they’re confident in this forecast.

Bitcoin Bull Market: A Long Road Ahead

According to Ki Young Ju, the bull market for Bitcoin is expected to thrive well into mid-2025. This prediction stems from the analysis of BTC’s realized price in accumulation addresses—wallets that have received but not yet moved their Bitcoin. Historical data suggests that such bull cycles usually last approximately 18 months, and the current cycle commenced about four months ago.

The Role of Accumulation Addresses in Predicting Market Trends

Accumulation addresses play a pivotal role in understanding market dynamics. These addresses accumulate Bitcoin without engaging in selling, thus impacting the realized price—the average price at which Bitcoin transactions occurred. Ju asserts that the ongoing market phase aligns with historical patterns, where whales cashing out during bull markets channel new investments into these accumulation addresses, thereby elevating realized prices.

Addressing Concerns Around Mt. Gox Distribution

Amid concerns about the potential market impact of BTC distributions from the defunct Mt. Gox exchange, Ju reassures that these fears are largely unfounded. He highlights that data shows no significant price or volume anomalies linked to Mt. Gox creditor distributions. Despite some apprehension, current Bitcoin prices remain higher than they were at the onset of creditor repayments, indicating that the market can absorb these inflows without substantial disruption.

Conclusion

Ki Young Ju’s insights suggest that the Bitcoin bull market has substantial momentum, driven by continued investments and strategic behaviors from long-standing holders. As accumulation addresses swell with new capital, realized prices are likely to sustain upward trends, supporting the extended bull market theory. Investors should, however, remain vigilant and conduct their due diligence in this volatile market landscape.

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