CryptoQuant founder Ki Young Ju projects a 3x-5x Bitcoin bull run, citing institutionalization. This is a more moderate gain than previous cycles. He anticipates a milder bear market too.
Reason: Bitcoin's larger market cap & increased institutional ownership are moderating extreme price swings. "Hot money" driving retail-led cycles caused bigger ups & downs. Institutionalization dampens extreme gains but buffers against significant drops.
On-chain data supports this:
- MVRV indicator hasn't fallen below 1 this cycle.
- Realized Cap shows new capital inflow.
- Long-term "whale" holders are stopping selling.
- Short-term futures whales accumulate at bottoms.
- 365-day PnL Index is at a key inflection point.
#crypto #blockchain #news #BTC #Bitcoin
Blockchain Report
npub1cg…nmysr
2026-09-23 00:27:21 UTC
Author Public Key
npub1cg2ejqexhx88llcve0yxts2exv5q9k0a88l69q0vp7y5n0f2xyfscnmysrPublished at
2026-09-23 00:27:21 UTCEvent JSON
{
"id": "21f1a7626020f01353839e3a10f5af31849db222e15bc2f0a7505fe19de1a8a1",
"pubkey": "c215990326b98e7fff0ccbc865c159332802d9fd39ffa281ec0f8949bd2a3113",
"created_at": 1790123241,
"kind": 1,
"tags": [],
"content": "CryptoQuant founder Ki Young Ju projects a 3x-5x Bitcoin bull run, citing institutionalization. This is a more moderate gain than previous cycles. He anticipates a milder bear market too.\n\nReason: Bitcoin's larger market cap \u0026 increased institutional ownership are moderating extreme price swings. \"Hot money\" driving retail-led cycles caused bigger ups \u0026 downs. Institutionalization dampens extreme gains but buffers against significant drops.\n\nOn-chain data supports this:\n- MVRV indicator hasn't fallen below 1 this cycle.\n- Realized Cap shows new capital inflow.\n- Long-term \"whale\" holders are stopping selling.\n- Short-term futures whales accumulate at bottoms.\n- 365-day PnL Index is at a key inflection point.\n\n#crypto #blockchain #news #BTC #Bitcoin ",
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}