CryptoQuant CEO: If Bitcoin hits ATH before Q4, the cycle theory will be completely abandoned

Odaily Planet Daily News CryptoQuant CEO Ki Young Ju wrote in X: "After I announced the end of the bull market cycle, Bitcoin fell 10% at one point, but now the price is 10% higher than when I made my judgment. I still think we are in a wide range of fluctuations. If it breaks through the $100,000 mark, I will be happy to admit my mistake. Before that, I will continue to observe the data for a few weeks to confirm whether this is a real trend reversal. My analysis focuses on the long-term supply and demand relationship based on on-chain data. But in this market that reacts to every word of Trump, short-term price movements are more event-driven, which makes traditional cyclical on-chain indicators difficult to work. Of course, even among on-chain analysts, the interpretation of data may vary greatly. If Bitcoin hits a record high before the fourth quarter, I will completely abandon the cycle theory. Markets without clear cycles may be completely different from our previous cognition. By then, the dead bulls will be right-sustainable growth."