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CryptoQuant CEO Sounds The Alarm

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CryptoQuant CEO Ki Young Ju announced today that Bitcoin’s bull cycle “is over” and warned investors to brace for “6–12 months of bearish or sideways price action.” This development comes after the on-chain analytics veteran had previously urged caution but maintained a measured outlook on the market as recently as two weeks ago.

Is The Bitcoin Bull Run Over?

In a post shared today via X, Ki stated:“Bitcoin bull cycle is over, expecting 6–12 months of bearish or sideways price action.”

Along with the comment, the CEO highlighted the Bitcoin PnL Index Cyclical Signals—an index that aggregates multiple on-chain metrics, such as MVRV, SOPR, and NUPL, to pinpoint market tops, bottoms, and cyclical turning points in Bitcoin’s price. According to Ki, this indicator has historically offered reliable buy and sell signals.

Bitcoin PnL Index Cyclical Signals
Bitcoin PnL Index Cyclical Signals | Source: X @ki_young_ju

He further explained how an automated alert, previously sent to his subscribers, combined these metrics into a 365-day moving average. Once the trend in this 1-year moving average changes, it often signals a significant market inflection point. As proof, Ki also shared a chart: “This alert applies PCA to on-chain indicators like MVRV, SOPR, and NUPL to compute a 365-day moving average. This signal identifies inflection points where the trend of the 1-year moving average changes.”

Signal 365 MA
PnL Index Signal 365 MA | Source: X @ki_young_ju

Ki pointed to drying liquidity and fresh selling pressure by “new whales” who, he said, are unloading Bitcoin at lower prices. Notably, he revealed that CryptoQuant users who subscribed to his alerts received this signal before today’s public announcement. “With fresh liquidity drying up, new whales are selling Bitcoin at lower prices. Cryptoquant users who subscribed to my alerts received this signal a few days ago. I assume they’ve already adjusted their positions, so I’m posting this now.”

This latest declaration contrasts remarks from just four days ago, on March 14, when Ki struck a more cautious tone, stating: “Bitcoin demand seems stuck, but it’s too early to call it a bear market.”

At that time, he shared a chart of the Bitcoin Apparent Demand (30-day sum) indicator, which had turned slightly negative—an early signal that demand might be tapering off. Although Ki pointed out that demand could still rebound (as it has in past sideways phases), he acknowledged the possibility of Bitcoin teetering on the edge of a bear market.

The pivot in sentiment is especially notable given Ki’s stance from two weeks ago. In that earlier post, he opined that the “bull cycle is still intact,” crediting strong fundamentals and growing mining capacity: “There’s no significant on-chain activity, and key indicators are neutral, suggesting the bull cycle is still intact. Fundamentals remain strong, with more mining rigs coming online.”

However, he also cautioned that the market could turn if sentiment did not improve, particularly in the United States. With today’s announcement, the warning has evidently crystallized. Reflecting on the potential downside scenario, Ki said at the time: “If the cycle ends here, it’s an outcome no one wanted—not old whales, mining companies, TradFi, or even Trump. (FYI, the market doesn’t care about retail.)”

At press time, BTC traded at $83,059.

Bitcoin price
BTC price hovers below key resistance, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com



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Bitcoin

1 Million Bitcoin In New Whale Hands—A Mega BTC Rally On The Horizon?

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.



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Argentina

Argentina’s Senate Hosts First-Ever Conference On Bitcoin Regulation

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For the first time in history, the Argentine Senate has opened its doors to discuss Bitcoin, thanks to the efforts of NGO Bitcoin Argentina. The conference, titled “Bitcoin and its Regulatory Framework,” was held this week in the Arturo Illia Hall of the Legislative Palace.

Organized by NGO Bitcoin Argentina, the event brought together key political advisors and department heads from various political blocs to explore Bitcoin’s potential impact on Argentina’s economy and regulatory landscape. Gabriela Battiato, lawyer and Legal Coordinator of NGO Bitcoin Argentina, led an in-depth discussion on Bitcoin’s philosophy, evolution, and the ongoing global regulatory debates surrounding its adoption.

“This is a key step toward legislative recognition of the crypto ecosystem. Blockchain technology and cryptocurrencies are already part of the economic reality, and it is essential that strategic decision-makers have clear and accurate information,” said Ricardo Mihura, President of NGO Bitcoin Argentina.

The conference was spearheaded by Senator Antonio José Rodas, with the participation of Senator Mariana Juri of Mendoza, and showcased growing bipartisan interest in understanding and integrating Bitcoin within Argentina’s legal framework. Their discussion on Bitcoin focused on the transformative potential of it and its increasing role in global finance.

“This event sets a precedent and reinforces our goal of bringing knowledge about Bitcoin and blockchain to all sectors of society. We will continue promoting these spaces because we believe that only through dialogue and education can we build appropriate regulations and foster the development of the sector,” said Jimena Vallone, Executive Director of NGO Bitcoin Argentina.

For those interested in viewing the full conference, it is available on YouTube below:





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President Trump To Address The Digital Assets Summit Tomorrow

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President Donald Trump is expected to deliver a speech tomorrow via a recording at Blockworks’ Digital Asset Summit (DAS) in New York City. This will be the first time a sitting U.S. president has addressed a Bitcoin and crypto conference, highlighting the growing influence of digital assets in mainstream financial policy.

Trump has previously engaged with the Bitcoin community, having spoken in person at the world’s largest Bitcoin conference in Nashville last summer while on the campaign trail. His return to the stage now as president further highlights the continued support from the U.S. government on Bitcoin.

Trump’s upcoming address at DAS comes only a couple weeks after moving forward with officially integrating Bitcoin into his national strategy, when he signed an executive order establishing the U.S. Strategic Bitcoin Reserve, positioning BTC as a key asset for the country’s financial future.

Joining the lineup tomorrow at DAS is Strategy’s Michael Saylor, who will deliver a keynote speech and engage in a fireside chat with Bitcoin historian Pete Rizzo. Additionally, Bloomberg ETF analyst James Seyffart will host a panel discussion with BlackRock’s Head of Digital Assets Robbie Mitchnick and Nasdaq’s Head of U.S. Equities & Exchange-Traded Products Giang Bui, where they will delve into the evolving landscape of Bitcoin ETFs and institutional adoption.

The announcement of Trump’s participation follows remarks from Bo Hines, Executive Director on Digital Assets for President Trump, who spoke earlier this week at DAS. Hines reaffirmed the administration’s commitment to accumulating Bitcoin for the Strategic Bitcoin Reserve, stating:

“I think it’s high time that our President started accumulating assets for the American people, which is what President Trump is doing rather than taking it away.”

He also emphasized the administration’s approach to acquiring Bitcoin in budget-neutral ways, likening BTC accumulation to gold reserves:

“You know, I’ve been asked all the time, it’s like how much do you want? Well, that’s like asking a country how much gold do you want – as much as we can get.”

Trump’s executive order has already sparked legislative action aiming to build on this momentum. Senator Cynthia Lummis and Congressman Nick Begich have each proposed plans for the U.S. to acquire 1 million BTC over the next five years, ensuring a long-term reserve of the scarce asset. Earlier today at DAS, House Majority Whip and Congressman Tom Emmer stated that he believes this legislation will be enacted “before this congress is done.”





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