CryptoQuant CEO Ki Young Ju claims the Bitcoin bull cycle is over, citing cyclical signals, bearish on-chain metrics and the absence of fresh liquidity. After maintaining a bullish stance for the past two years, Young Ju has finally turned bearish, warning that crypto assets are entering a bear market and could face 6 to 12 months of decline or sideways price action. However, key macro indicators contradict the CryptoQuant CEO’s pessimistic outlook, while other reputable experts anticipate an explosive crypto rally as early as Q2. On-Chain Metrics, Cyclical Signals And Liquidity Concerns Paint A Bearish Bitcoin Outlook Young Ju’s bearish X post has amplified investor jitters, adding to concerns over Bitcoin’s Q1 decline and the sell-off in US equities. He cites the PnL Index Cyclical Signal, which now indicates that the Bitcoin cycle top is in and a larger sell-off is imminent. The index has a track record of accurately predicting all previous cycle tops. Additionally, Young Ju cites a plethora of bearish on-chain metrics to explain his pessimistic outlook. In fact, he uses Principle Component Analysis (PCA) on a variety of indicators, including the MVRV ratio, Spent Output Profit Ratio (SOPR) and Net Unrealized Profit/Loss to create a 365-day moving average, which indicates a shift in the broader market trend. This moving average now signals a bearish shift in Bitcoin's outlook. The CryptoQuant CEO also highlights the lack of fresh liquidity as a damning sign of weakening market momentum and a potentially prolonged downturn. He also reveals that the whales are selling Bitcoin at lower prices. However, Young Ju’s Bitcoin analysis leaves off several critical pieces to the puzzle. Here’s Why The CryptoQuant CEO May Be Wrong Young Ju’s pessimistic outlook is in direct contradiction with the bullish viewpoint of several reliable analysts. Fundstrat’s Tom Lee, who has been a modern-day Nostradamus with his BTC projections, now claims that the Bitcoin price will likely soar to $150,000 and beyond in 2025. Tom Lee said: Bitcoin $BTC will... do better than $150,000 this year pic.twitter.com/J19Zcwf5hb — unusual_whales (@unusual_whales) March 15, 2025 In another interview, Lee projects that BTC will be the best-performing asset this year and would likely outperform Gold. The Fundstrat CEO doesn’t rule out the possibility of further downside volatility in the coming weeks. In fact, the company’s Head of Technical Strategy Mark Newton claims that the Bitcoin price could dip to $50,000 before a bullish reversal to $150,000. Lee’s bullish outlook aligns with key macro indicators. For instance, GMI’s Head of Macro Research Julien Bittel reveals that the Global M2 money supply is soaring and could expand by over $4 trillion before the end of the Trump administration. Considering that the Bitcoin price has a strong correlation with Global M2, Tom Lee’s $150k price projection is highly likely. Indeed, Global Liquidity ’s long-term chart indicates that it is entering the next bullish phase. Best Crypto To Buy Now Despite CryptoQuant CEO’s bearish outlook, sidelined investors should prepare for the possibility of an explosive rally in Q2 2025. Bitcoin is still on experts’ lists of the best cryptos to buy, with many eyeing an opportunity to double their investments. Similarly, the popular meme coins are expected to deliver outsized returns in the coming bull rally, considering they would be in the highest demand in a retail-dominated rally. These include Dogecoin, Pepe and Fartcoin. Smart money investors are also betting on small-cap cryptos with high upside potential. For instance, BTC Bull (BTCBULL) is in high demand, considering its promise of free Bitcoin to its holders. The new meme coin has already raised nearly $3 million in its ICO. Some investors have even invested five figures into it, maximizing their odds of winning the free Bitcoin airdrops, which will be triggered when the BTC price hits $150,000. Besides, there are also BTCBULL airdrops and token burn events at other milestones. Considering the rarity of Bitcoin-themed meme coins, the project’s unique value proposition and its small market cap, early BTC Bull buyers are eyeing up to 100x returns from their investments. Visit BTC Bull Presale Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
