CryptoQuant CEO: It will take at least one month to confirm whether to enter the bear market

PANews February 27th news, CryptoQuant co-founder and CEO Ki Young Ju tweeted that Bitcoin on-chain indicators are on the boundary of bull and bear. It is expected to be the longest bull market in history, but it may also be wrong. At least one month of data will be needed to confirm whether it is entering a bear market. If demand does not recover, the indicator may fully indicate a downward trend.

“Based on a typical two-year cycle, the bull market should last until April 2025. The next month or two will be a key turning point in the BTC market. If each indicator confirms the downward trend, I would admit I was wrong and post the relevant content. But as I said before, I think the probability of falling below 77K is low. Even in the worst case, I see a high chance of consolidating around 77K for a few months and then rebounding. I don’t think it’s a good move to bet on leveraged directional stocks (longs or shorts) right now.”