Markets, Bitcoin, Markets, Trading, Blockchain, CryptoQuant CryptoQuant’s founder is worried about liquidity drying up.
The Bitcoin (BTC) bull market is over, based on crypto analysis agency CryptoQuant’s founder Ki Young Ju.
Ju posted on X that he’s anticipating 6-12 months of bearish or sideways value motion because the BTC bull run loses steam, citing declining liquidity available in the market.
“New liquidity is needed. The on-chain realized cap has stalled, signaling no fresh capital inflows. For example, BlackRock’s IBIT saw three straight weeks of outflows,” he stated in a Telegram observe to CoinDesk. “Even with record volume near $100K, Bitcoin’s price barely moved. Without new liquidity to offset heavy selling, this is a bearish signal.”
A recent report from CryptoQuant made the case for the opportunity of BTC’s return to the $63K mark, citing bearish indicators from key valuation metrics just like the MVRV Ratio Z-score, which compares bitcoin’s market worth (MV) to its realized worth (RV) to establish overbought or oversold circumstances.
The MVRV Z-score dropping beneath its 365-day transferring common indicators that BTC’s value momentum has weakened, traditionally aligning with deeper corrections or the onset of bear markets.
The $75K-$78K assist stage is important, CryptoQuant analysts famous, as weakening BTC demand, marked by slowing whale accumulation and web promoting by U.S.-based spot ETFs, continues so as to add downward stress, rising the danger of a deeper value correction.
This echoes what LMAX Group’s Joel Kruger and Coinbase Institutional’s David Duong recently told CoinDesk, with each warning that sustained weak point in U.S. equities amid financial uncertainty and world tensions might exacerbate bearish stress on crypto markets, with stagflation also a possibility.
Polymarket bettors are giving a 51% probability that BTC ends the week between the $81-$87K vary, and a 31% chance it hits $75K by the end of the month.
In the final month, bitcoin is down 15%, according to CoinDesk Indices data, with its decline erasing any post-election gains.
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