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CryptoQuant CEO warns that the Bear Market has begun!?
On-chain indicators also point to a potential change in the Bitcoin market cycle. CryptoQuant CEO Ki Young Ju stated that the Bitcoin bull market cycle may have ended, predicting a bear market or sideways price action in the next 6 to 12 months.
On-chain indicators such as MVRV, SOPR, and NUPL are signaling a Bear Market. New liquidity is drying up, and new whales are selling Bitcoin at lower prices, which may suppress any bullish momentum.