
Bitcoin on-chain indicators at bull-bear boundary, warns CryptoQuant CEO
Current market lacks clarity as rising interest rates and investor caution influence Bitcoin’s uncertain path.
According to a recent tweet by Ki Young Ju, the CEO of CryptoQuant, Bitcoin on-chain indicators have reached the bull-bear boundary. As a result, it is essential to wait for more data before confirming whether we are entering a bear market or not.
“Bitcoin on-chain indicators are at the bull-bear boundary,” I expect this to be the longest bull run in history, but I could be wrong. We need at least another month of data to confirm whether we’re entering a bear market. If demand doesn’t recover, indicators may fully signal a… [tweet link]
Ju emphasized that if every indicator confirms a downtrend, he would acknowledge his mistake and share the update publicly. He also cautioned against excessive leverage in the current market conditions, stating, “I don’t think heavy leveraged directional bets—long or short—are a good move right now.”
Furthermore, Ju predicted that the bull market could extend until April 2025 based on typical two-year cycles. Today, Bitcoin traded at $84,400, down 2.4% from yesterday’s close.
It is essential to note that institutional sentiment has recently shifted, with Bitcoin ETFs witnessing a massive $1.1 billion in outflows in a single day. This price movement comes amid tariff threats and growing inflation concerns, which have increased risk aversion among investors.
In summary, it remains uncertain whether we are entering a bear or bull market at this moment.
Source: https://cryptobriefing.com/bitcoin-on-chain-indicators-bull-bear/