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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

Bitcoin Boom’s Expiry Date? CryptoQuant CEO Reveals Timeline

Christian Encila
Christian Encila
Last Updated: February 28, 2025 2:00 pm
3 mins read
Bitcoin

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Many people wonder about the length of Bitcoin’s rollercoaster journey that its price increase has been on. The bull run may persist until at least April 2025, argues CryptoQuant CEO, Ki Young Ju. Should this be the case, it could signal the longest ever Bitcoin bull cycle.

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Variations In Bitcoin’s Growing Rate

Ju created a Bitcoin growth rate difference statistic for May 2024 that formed the foundation for his projection. Monitoring the long-term market movements of the crypto helps one to ascertain whether the asset is still in a growth phase or overheated.

Right now, Bitcoin is in what he refers to as a “critical zone,” in which market signals combine bullish and bearish patterns. Whether Bitcoin keeps on its ascent or begins to lose vigor will depend mostly on the next few weeks, or months.

#Bitcoin on-chain indicators are at the bull-bear boundary.

I expect this to be the longest bull run in history, but I could be wrong. We need at least another month of data to confirm whether we’re entering a bear market. If demand doesn’t recover, indicators may fully signal a… https://t.co/QkaZx7wmAt pic.twitter.com/4iHbuitW4o

— Ki Young Ju (@ki_young_ju) February 27, 2025

Market Fluctuations And Past Corrections

Investors are beginning to have jitters about Bitcoin’s price as it has lost 30% of its value in the last few days. But Ju is not bothered. According to him, severe pullbacks like these are not uncommon during a bull cycle phase.

Historical records support his assertion; earlier bull runs show price losses of up to 52% before recovery. Should history be the barometer, Bitcoin might still have some surprises in its sleeves and carry out strong upward moves in the face of a volatile market.

The BlackRock Bitcoin Selloff

Movement in Bitcoin price is much influenced by institutional investors. BlackRock lately sold roughly $70 million in ether and $440 million in bitcoin. These big sell-offs could cause temporary devaluations and change investor mood. These events could change the price direction of Bitcoin in the next months even if Ju is optimistic.

BTC market cap currently at $1.58 trillion. Chart: TradingView.com

What’s Next For The Alpha Coin?

Meanwhile, Bitcoin is not in good form as we speak: it is languishing in the $79,900 level, to the delight of those who’ve been waiting to buy the dip. Bitcoin is trading 7% below its most recent closing. It peaked at $86,990 then fell to a low of $79,490. The bulls can only wish it was the other way around.

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Ju’s research shows that although some investors worry about possible future dips, the bull run is far from over. Since April 2025 is just a month away, traders and experts are still captivated by Bitcoin’s long-term trend and what the coming days will bring on the table.

Ju’s observations offer a data-driven viewpoint even if nobody can exactly predict the market. Whether Bitcoin follows past patterns or creates new ground, investors will be closely observing it. Anything can happen in the crypto space.

Featured image from Gemini Imagen, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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