CryptoQuant CEO warns of prolonged Bitcoin bear market
Despite rising capital inflows, Bitcoin’s price remains stagnant, a sign that the bear market could last for months.
Bitcoin has been struggling throughout April, with its price falling to a three-week low of $77,077. According to Ki Young Ju, CEO of CryptoQuant, this stagnation reflects a longer-term bearish trend.
On-chain data shows that capital inflows are rising. However, there is no corresponding increase in Bitcoin’s price, suggesting the market is in a bear phase.
Ju explained that a key indicator of a bear market is the divergence between market cap and realised cap. Realised cap tracks actual money flowing into Bitcoin through wallet movements. Market cap, on the other hand, reflects the most recent price on exchanges.
Ju pointed out that, historically, Bitcoin’s price does not experience a true reversal within a short period. He predicts that the current bear market could last at least six months, making a rapid recovery unlikely.
Global market instability, triggered by Trump’s new tariffs, has increased volatility and raised doubts about Bitcoin’s role as a haven.
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