CryptoQuant CEO Ki Young Ju warns that the Bitcoin bear market could last until early 2027 based on on-chain PnL data showing investor profitability typically falls for 18 months after profit-taking cascades begin. A true reversal requires rising unrealized profits and falling realized profits, a signal not yet present. Other analysts suggest a potential cycle bottom could be forming sooner. In order for Bitcoin to recover, renewed inflows from spot Bitcoin ETFs and increased activity from institutional desks are needed, as current on-chain data shows a bear market pattern.

Leave a Reply