The upward trend of the leading cryptocurrency has concluded, with prices expected to decline or remain stagnant over the next 6-12 months, according to CryptoQuant CEO Ki Young Ju.
Every on-chain metric signals a bear market. With fresh liquidity drying up, new whales are selling Bitcoin at lower prices.@cryptoquant_com users who subscribed to my alerts received this signal a few days ago. I assume they’ve already adjusted their positions, so I’m posting… pic.twitter.com/0EIrpTCPVi
— Ki Young Ju (@ki_young_ju) March 17, 2025
“Every on-chain metric signals a bear market. With fresh liquidity drying up, new whales are selling at lower prices,” the expert noted.
Not Everyone Agrees
Colleagues of Ki Young Ju hold more optimistic forecasts. They have observed a continuation of the deleveraging process. Over the past 90 days, open interest in Bitcoin futures on major trading platforms has shown a negative trend.
The BTC market is undergoing deleveraging
“This chart highlights such reset phases by identifying moments when the 90-day open interest change turns negative. Historically, each past deleveraging like this has provided good short-to medium-term opportunities.” – @Darkfost_Coc pic.twitter.com/8VRH2oVaTD
— CryptoQuant.com (@cryptoquant_com) March 17, 2025
“Historically, each such episode in the past has created good short-to medium-term opportunities,” analysts emphasized.
Hodlers Remain Resilient
In terms of UTXO, there is an increase in the share of coins held for three to six months. According to experts, this reflects an accumulation trend characteristic of the prolonged correction in the summer of 2024.
“Previously, such hodler resilience played a crucial role in forming a bottom and sparking new upward impulses. […] Given this behavior, the current phase is more of a healthy pullback than the start of a prolonged bear market,” the review states.
Earlier, the CEO of CryptoQuant suggested a prolonged consolidation of Bitcoin within a broad range (e.g., $75,000-100,000), similar to what was observed in 2024 before prices returned to an upward trajectory.
Matrixport predicted the end of the correction for the leading cryptocurrency in March-April. Glassnode suggested that the asset redistribution phase could be prolonged.
Previously, Profitz Academy founder Merlijn Ankelaar reported the emergence of a “bullish cross” in the stochastic RSI, after which the price “historically rose by an average of 50%.”