Does the Bitcoin market enter a prolonged withdrawal phase? This is the question that agitates the crypto community after the shock declaration of Ki Young Ju, CEO of cryptocurrency. Indeed, known for his specific on-chain analyzes, he affirmed on the social network X (ex Twitter) that the bullish cycle of Bitcoin is finished. This radical change of discourse surprises all the more since it said in early March that the Bull Run was still in place, although slowed down.
The sharp verdict of Ki Young Ju: a lowering market in sight?
In a post on the X platform (ex-Twitter) on March 17, 2025, Ki Young Ju made an explosive revelation on Bitcoin. He then has announcement Without detour: “The bullish cycle of Bitcoin is over. I expect six to twelve months of lower or side market ”.
This position is all the more surprising since he was still claiming in early March since the upward dynamic was certainly slowed down, but always intact.
Thus, this flip-flop immediately affected investor confidence and rekindled fears of prolonged correction.
The CEO of cryptocurrency base its analysis on several negative on-chain indicators:
- A drying up of liquidity: the new flows of capital entering the market are dried up, which makes any bullish recovery more difficult;
- Sales increased by whales: the big BTC holders would have started to give up their positions at lower prices, a signal often associated with a market in the reversal phase;
- Critical technical indicators: several metrics on-chain, such as BTC movements between Wallets and capital flows, strengthen the thesis of a shortness of the market;
- A feeling of degradation market: the optimism of the traders gives way to uncertainty, because long positions are gradually reduced to the drop in prices.
Ki Young JU insists that the current dynamics are similar to a lower market where new entrants undergo losses, which could further slow the interest in Bitcoin in the coming months.
Analysts oppose a more optimistic vision
However, some experts refuse to bury the bullish cycle too quickly and judge the prediction of Ki Young JU excessive.
Seth, a Crypto analyst followed closely, highlights a major element that could revive Bitcoin: the world's money supply, which has just reached a new historic summit.
For him, this monetary expansion could be a fuel for a new influx of liquidity in risky assets. “Whenever the global monetary offer explodes, Bitcoin benefits. We are about to attend a new rally, “he declared March 17 in a publication on the X platform.
Other analysts, such as Dave Weisberger, CEO of CoinRoutes, recall that Bitcoin has historically followed a correlation with the growth of the money supply.
If this trend continues, the BTC could reach a new ATH in April. A forecast shared by Cory Klippsten, CEO of Swan Bitcoin, who estimates that there is more than 50 % chance that Bitcoin reaches a new summit before the end of June.
Faced with these elements, it appears that the lower thesis is not unanimous, and that external economic factors could still propel Bitcoin to new records.
History has shown that brutal Bitcoin corrections do not always mark the end of a cycle. Although Ki Young JU's on-chain analysis is based on clear signals, other factors such as global monetary policy and the behavior of institutional investors could still play in favor of a rebound. In this context, the battle between supporters of a bullish prosecution and those of a prolonged lower market is far from being decided.
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