New Statement from CryptoQuant's CEO, Who Says the Bullish Cycle Has Ended: "If This Happens, I Will Admit I Was Wrong!"

Ki Young Ju, the CEO of on-chain analysis firm CryptoQuant, shared an honest update on social media regarding the current state of the Bitcoin market and signaled a possible change in his long-held views on crypto market cycles.

CryptoQuant CEO Reevaluates Bitcoin Market Outlook

"In the days following my call that the bull cycle has ended, Bitcoin dropped by 10%. However, now it is trading 10% higher compared to when I made this assessment," Ki wrote. "I still believe we are in a broad consolidation phase, but I will gladly accept that I was wrong if Bitcoin breaks above the $100,000 level."

He emphasized that while continuing to monitor long-term supply and demand dynamics through on-chain data, event-driven volatility driven by political developments, especially comments from former US President Donald Trump, is increasingly overshadowing traditional indicators.

"Short-term price movements react more to external headlines than on-chain fundamentals. This makes it difficult for traditional cycle-based on-chain indicators to remain effective," he said.

This statement indicates a growing divide within the crypto analyst community, where even among experts on the chain, the interpretation of blockchain data varies significantly.

He also added that if Bitcoin reaches its all-time high before the 4th quarter, it may completely abandon the cycle theory.

"A market without definable cycles may be completely different from what we know," he said. "If this happens, the perma-bulls will have been right all along."

Ki's comments came as Bitcoin continues to trade in a volatile yet generally upward trajectory, challenging traditional expectations amid macro uncertainty, changing regulatory dynamics, and renewed institutional interest.