CRYPTOSHOCK! BITCOIN BULL CYCLE CRASHES!
Brace Yourselves! CEO DECLARES โTHE BULL CYCLE IS OVER!โ
Hold on to your wallets, crypto enthusiasts! In a shocking revelation that has sent shockwaves through the investing world, Ki Young Ju, the mastermind behind CryptoQuant, has dropped a bombshell: the Bitcoin bull cycle is officially DEAD! Brace for a terrifying 6 to 12 months of BEARISH OR SIDEWAYS PRICE ACTION!
Is This the End of Bitcoin as We Know It?
With unprecedented urgency, Ki took to social media today, sending out an alarming tweet that read: โBitcoin bull cycle is over, expecting 6โ12 months of bearish or sideways price action.โ This comes as the seasoned analytics expert dramatically shifts his previous optimistic tone just weeks ago!
Alongside this bombshell, Ki unveiled the Bitcoin PnL Index Cyclical Signalsโa tool that digs deep into multiple on-chain metrics that have historically been spot-on with their buy and sell signals. But what does this mean for Bitcoinโs future? Hang on, it gets juicier!
WARNING: โNEW WHALESโ ARE UNLOADING!
Ki revealed that a fresh wave of โnew whalesโ are flooding the market, ready to offload their Bitcoin at LOWER prices. The liquidity is DRYING UP, and itโs not looking good! โCryptoquant users who subscribed to my alerts received this signal a few days ago,โ says Ki, insinuating that while some are adjusting their positions, many are still left in the panic zone!
A SHOCKING SHIFT in Sentiment!
Just four days ago, Ki was downplayed fears about Bitcoinโs demand, saying it was โtoo early to call it a bear market.โ Now, it seems heโs had a major change of heart!
Earlier, he had painted a picture of potential recovery with indicators showing slight negativity, but JUST LAST WEEK, he proclaimed the โbull cycle is still intact.โ What a BOLD swing in sentiment!
Whatโs Next for Bitcoin?
As of now, Bitcoin is teetering around $83,059โa critical juncture as experts warn of imminent danger ahead. If this trend continues, we may see prices plunge further, and guess what? โItโs an outcome no one wantedโnot old whales, mining companies, or even the likes of Trump.โ
In the cutthroat world of crypto, all eyes are on Bitcoin as it battles for its life. Will it rise from the ashes, or is this the start of a long and arduous bear market? Only time will tell, but if youโre holding Bitcoin, you might want to think twice about your next move!