Bitcoin May See 3-5 Times Price Increase in Current Cycle

Ki Young Ju, CEO of CryptoQuant, predicts that the current Bitcoin cycle may see a price increase of three to five times from its recent low.

This is less extreme than previous cycles, which saw gains of up to ten times. Ju attributes this change in behavior to a larger market size and growing institutional participation.

The CEO notes that earlier cycles were dominated by retail investors and hot money, leading to explosive rallies and sharp crashes.

CryptoQuant's data supports this view, showing that the MVRV ratio has not fallen below 1 during the current bear market, indicating that even at its lowest point, Bitcoin holders as a whole did not go below their average cost price.