Bitcoin Magazine CryptoQuant: BTC “Bull Run Has Started” – 3x to 5x Cycle Outlook | Ki Young Ju

Is the next Bitcoin move a 10x or a 3 to 5x? CryptoQuant founder Ki Young Ju says he expects about 3 to 5x from the lows, not another 10x, because institutional ETF and custody flows dampen volatility. He explains why he thinks the bear market ended this summer and what on-chain data is showing right now.

Chapters: 0:00 What On-Chain Data Shows: Fresh Capital and No More Whale Selling 1:44 The Bear Market Is Over: 3 to 5x, Not Another 10x 3:19 The PNL Index and ETFs as the Cycle’s Liquidity Channel 5:39 ETF Cost Basis in the Low-to-Mid $80Ks: The Institutional Bull-Bear Line 6:18 How Institutions Changed On-Chain Analysis: Custodial and Accumulation Wallets 9:18 Nearly $700 Billion in Realized Cap and Trillions Next Cycle 10:36 Who Is Buying? Reading Coinbase’s Wallet Flows 13:35 Top Signals: Behavioral, Not Price Levels 15:22 Is the Four-Year Cycle Invalidated? 16:31 Miner Costs and What They Imply for Price

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This post CryptoQuant: BTC “Bull Run Has Started” – 3x to 5x Cycle Outlook | Ki Young Ju first appeared on Bitcoin Magazine and is written by Patrick Green .

From an on-chain analytics and liquidity distribution perspective, developments around "CryptoQuant: BTC “Bull Run Has Started” – Perspectiva de ciclo de 3x a 5x | Ki Jovem Ju" signal important shifts in network participation. Market participants observe that derivative funding metrics, exchange reserve telemetry, and smart contract protocol interactions reflect cautious accumulation alongside disciplined risk hedging across the sector.

Technical research analysts at Lucky Satoshi note that high-density order book clusters and volume-weighted average price (VWAP) benchmarks near recent consolidation floors will serve as pivotal indicators. Market observers are advised to cross-examine telemetry on verified block explorers before making capital allocations.

Editorial Fact-Check & Verification Note: This briefing was curated, corroborated, and synthesized by the Lucky Satoshi Editorial Desk. Readers following "CryptoQuant: BTC “Bull Run Has Started” – Perspectiva de ciclo de 3x a 5x | Ki Jovem Ju" are encouraged to review the full primary source coverage linked below for complete historical context, direct quotes, and official statements.