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On-Chain Expert Declares Bitcoin Bear Cycle is Officially Over
Bitcoin has started a recovery that many see as long-awaited. Ki Yung Ju, founder of CryptoQuant, posted on X on August 25th that the bear cycle is officially over, based on his analysis.
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What happened
Bitcoin has started a recovery that many see as long-awaited. Ki Yung Ju, founder of CryptoQuant, posted on X on August 25th that the bear cycle is officially over, based on his analysis.
Confirmed
Global impact / market context
If the bear cycle is truly over, Bitcoin's price may keep rising, which could boost investor confidence and encourage more money to flow into crypto assets. This might also lift related businesses like exchanges.
Analyst inference
The article mentions a 'long-awaited recovery' and 'bullish sentiment' among market players. This suggests the market had been in a downturn, and now traders are hopeful, which could lead to higher trading volumes and prices.
Analyst inference
What to watch
- Monitor further posts from Ki Yung Ju on X, as he is a key on-chain expert. His future statements may provide more details on why he believes the bear cycle is over. Confirmed
- Track Bitcoin's price movement over the coming weeks. A sustained upward trend could confirm the recovery, while a drop below recent lows would contradict the bullish claim. Proposed
- Watch trading volume on major exchanges. A rise in volume alongside price increases would suggest real buying interest, supporting the idea that the bear cycle has ended. Analyst inference
Affected assets
- BTC — Bitcoin
- USDT — Tether
- TUSD — TrueUSD
- BTCUSD — Bitcoin USD (BTCFi)
- USDC — USD Coin