CryptoQuant CEO Declares Bitcoin Bear Market Over, Eyes 3-5x From Lows
Bitcoin
bitcoin
Bitcoin Bear Market
Bitcoin ETFS
cryptoquant
Ki Young Ju
Market Cycle
MVRV
On-chain data
TLDR: Ki Young Ju says the Bitcoin bear market ended this summer and a new cycle is in its early stage. Inflows to Accumulation Addresses have risen sharply, and the 30-day average has also turned higher. MVRV has stayed far below the 4 to 5+ peaks of past cycles, pointing to milder euphoria and capitulation. [...]
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Source: Source: Blockonomi