CryptoQuant CEO: Bitcoin on-chain indicators show that it is currently at the bull-bear dividing line

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on social media, "Bitcoin on-chain indicators show that we are currently at the tipping point between a bull market and a bear market.

I expect this to be the longest bull market in history, but I could be wrong. We need at least another month of data to confirm whether we are entering a bear market. If demand does not recover, the indicators may completely show a downward trend.

According to typical cycles, the bull market should last until April 2025------I mentioned this back in May 2024. The next month or two will be a critical turning point for the Bitcoin market.

If every indicator confirms a downward trend, I will admit I was wrong and publish relevant content. But as I said before, I believe the probability of Bitcoin falling below $77,000 is low. Even in the worst-case scenario, I think Bitcoin will consolidate around $77,000 for a few months before rising again.

I believe that heavily leveraging directional bets------whether long or short------is not a good choice right now."