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

Odaily News CryptoQuant CEO Ki Young Ju wrote on X: "Bitcoin fell 10% after I announced the end of the bull market cycle, 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 true 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 on-chain analysts may have very different interpretations of the data. 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-perpetual rise."