Bitcoin Bear Market Declared Over by CryptoQuant CEO

CryptoQuant CEO Ki Young Ju has declared that the Bitcoin bear market is over and a new cycle is underway. This summer marked the end of the bear market, according to Ki.

The CEO pointed to several on-chain signals supporting his view. Inflows to Accumulation Addresses have risen sharply, and the 30-day average has turned higher, indicating fresh capital entering the market.

Ki also noted that the MVRV ratio remains far below previous peaks of 4 to 5 or more, suggesting milder euphoria and capitulation this cycle. Large holders are easing their selling, and large futures players have rebuilt long positions near the bottom.