TechFlow, April 23 — CryptoQuant CEO Ki Young Ju posted today: "I previously predicted that the bull market cycle had ended, but since then Bitcoin's price has risen by 10%. I believe the market is still fluctuating within a wide range, and if it breaks above $100,000, I will admit my analysis was wrong."
Ki Young Ju stated that his primary focus remains on long-term supply-demand dynamics based on on-chain data. However, in today's market, which is highly sensitive to Trump-related comments, short-term price movements are increasingly driven by events, making it more difficult to analyze using cyclical on-chain indicators. He added that if Bitcoin reaches a new all-time high before the fourth quarter, he will abandon the cycle theory, as it would suggest a fundamental shift in the market.
