Bitcoin’s $100K Comeback: Did CryptoQuant’s CEO Just Flip the Bull Market Script?
CryptoQuant’s CEO admits his bearish Bitcoin call was wrong as BTC hits $100K. Is this the start of an epic bull run? Jump in now!
CryptoQuant CEO Ki Young Ju made headlines on May 8, 2025, admitting he was wrong about Bitcoin’s bull cycle ending, as BTC surged past $100,000. Ju had predicted a 6-12 month bearish phase in March, citing on-chain metrics like a stagnant market cap despite capital inflows. Now, with Bitcoin’s rally defying his forecast, he credits ETF inflows and institutional buying for rewriting the market’s rules.
What’s Happening?
Ju’s earlier bearish call, based on CryptoQuant’s PnL Index and metrics like MVRV and SOPR, signaled a market top after Bitcoin’s $108,786 peak in January 2025. However, BTC’s rebound from a $75,000 low in April, driven by $3.06 billion in ETF inflows and whale accumulation on exchanges like Binance, has flipped the narrative.
Ju’s earlier bearish call, based on CryptoQuant’s PnL Index and metrics like MVRV and SOPR, signaled a market top after Bitcoin’s $108,786 peak in January 2025. However, BTC’s rebound from a $75,000 low in April, driven by $3.06 billion in ETF inflows and whale accumulation on exchanges like Binance, has flipped the narrative.
Why It Matters
Bitcoin’s $100,000 milestone, backed by a $3.2 trillion crypto market cap, signals robust demand despite April’s tariff-driven volatility. Ju’s admission suggests traditional on-chain indicators may be losing predictive power in an era of institutional dominance. This could fuel altcoin rallies, with Ethereum and Solana already up 10-20%. However, high leverage—$900 million in recent liquidations—warns of volatility. A drop below $91,594 could trigger a pullback to $88,000, while bulls eye $105,000.
Bitcoin’s $100,000 milestone, backed by a $3.2 trillion crypto market cap, signals robust demand despite April’s tariff-driven volatility. Ju’s admission suggests traditional on-chain indicators may be losing predictive power in an era of institutional dominance. This could fuel altcoin rallies, with Ethereum and Solana already up 10-20%. However, high leverage—$900 million in recent liquidations—warns of volatility. A drop below $91,594 could trigger a pullback to $88,000, while bulls eye $105,000.
What’s Next?
With Trump’s tariff pause and pro-crypto policies boosting sentiment, Bitcoin could test $110,000 if ETF flows persist. Ju’s shift may embolden investors, but miners face pressure post-halving, and tariff tensions with China could spark corrections. Watch ETF data and whale activity for clues.
With Trump’s tariff pause and pro-crypto policies boosting sentiment, Bitcoin could test $110,000 if ETF flows persist. Ju’s shift may embolden investors, but miners face pressure post-halving, and tariff tensions with China could spark corrections. Watch ETF data and whale activity for clues.
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The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
