CryptoQuant CEO admits he was wrong about Bitcoin bull cycle

CEO of cryptotics, Ki Young Ju, says he was wrong on the Bitcoin Bull cycle “finished” after BTC recently exceeded the $ 100,000 mark. He believes that the market is currently in the transitional phase.

In a recent job,, Cryptocurrency The founder and CEO Ki Young JU apologized to his supporters for having made an incorrect prediction concerning the end of Bitcoin (BTC)) bull Cycle earlier in March 2025. It was proven by the apparent BTC return when he returned to the bar of $ 100,000 on May 8, shortly after President Trump announced a new trade agreement with the United Kingdom

“I apologize for the incorrect prediction. I will try to provide better quality analyzes in the future. Thank you, ”said Ju.

He concluded that the BTC market is no longer based on the traditional whale and the commercial predominance model, but it is diversified by the presence of ETF and other institutional players.

“The bitcoin market has become much more diverse. FNB, microstrategia (MSTR), institutional investors and even government agencies plan to buy and sell bitcoin,” said Ju in his post.

Consequently, the CEO of the cryptochus said it was perhaps time to throw the practice of use solely of “profit cycles” to measure the feeling of the market. These cycles are demonstrated by the whales collecting during the periods of top price, which generally triggers a domino effect of sales which ultimately lead to a drop in prices.

“Now, instead of worrying about the sale of old whales, it is more important to focus on the quantity of new liquidity from institutions and FNBs, because this new influx can prevail even on high whale sales,” continued Ju.

At the time of the press, BTC has increased by more than 3% in the last 24 hours. It is currently negotiated at $ 102,773. This is the first time that BTC has exceeded the threshold of $ 100,000 since February this year. However, its daily negotiation volume fell by more than 30% to $ 51 billion.

Although Ju believes that indicators of a lower or bullish market change, it still maintains the importance of chain data analysis to determine market orientation, as it did in previous market analyzes.

Overall, Ju declared that the market was currently in a transition period, when it is neither optimistic nor a lower basis. Indeed, he observed that the market is still slow in the absorption of new liquidity.

“Of course, the recent price action is extremely optimistic, but I’m talking about the profit cycle,” said Ju.

Back in March, Ki Young Ju foreseen that during the next six to 12 months, Bitcoin will see “the lower or lateral price action”. To support his point, Ju shared a historical table, which highlighted the cyclical signals of the profit index and BTC losses dating from 2014 to today.

Shortly after, Bitcoin continued to go down until he decreased below $ 75,000 after Trump announced his general rates of the liberation day.