Odaily News Ki Young Ju, co-founder and CEO of CryptoQuant, posted on the X platform that the on-chain indicators of Bitcoin show that it is currently at the bull-bear boundary. It was previously expected that this would be the longest bull market in history, but it may be wrong. The market needs at least one month of data to confirm whether it has entered a bear market. If demand does not recover, the indicators may fully indicate a downward trend. According to the typical two-year cycle, the bull market should last until April 2025, so the next one or two months will be a key turning point in the BTC market. If each indicator confirms the downward trend, it will admit that the previous judgment was wrong, but it is still believed that the possibility of falling below $77,000 is very low.