The Bitcoin Bull Run: Evolution or Endgame?
Dude, the crypto world is buzzing like a caffeine-fueled trader on margin calls. Seriously, everyone’s asking: Is Bitcoin’s bull run done, or is it just leveling up like a gamer with too much time (and RAM)? At the center of this drama is Ki Young Ju, CEO of CryptoQuant—think of him as the Sherlock Holmes of blockchain analytics, but with fewer pipe-smoking breaks and more on-chain data spreadsheets.

1. On-Chain Whiplash: When Indicators Flip Like a Pancake

Earlier this year, Ju called for a potential bull run funeral when Bitcoin dipped below $80K. Fast-forward a few months, and he’s backtracking faster than a shopper realizing they maxed out their credit card on Black Friday. Turns out, the crypto market moves quicker than a TikTok trend—what looked like a bearish signal was just a fakeout.
Ju’s latest take? Bitcoin’s bull run could stretch all the way to 2025. Right now, on-chain metrics are dancing on the “bull-bear boundary,” but Ju’s betting on the bulls. Why? Because Bitcoin has survived worse—like that time it dropped 30% from $110K to $77K and still didn’t break character. Institutional buyers and ETF inflows kept the party going, proving that panic-selling retail traders aren’t the ones driving this market anymore.

2. Big Money Moves: Institutions & ETFs Fuel the Fire

Here’s the tea: Hedge funds, corporate treasuries, and even your rich uncle’s family office are stacking Bitcoin like it’s the last sale at a luxury outlet. Why? Inflation hedges, “digital gold” narratives, and the fact that traditional finance finally has a regulated on-ramp via Bitcoin ETFs.
Ju’s data shows something wild—the 2021 crash only kicked off *after* ETF inflows dried up. That’s like saying a concert only ended when the headliner left the stage. Now, with global money supply (M2) ballooning like a overfilled burrito, liquidity is sloshing into risk assets—including crypto. So yeah, institutions aren’t just dipping toes in; they’re doing cannonballs into the Bitcoin pool.

3. Corrections Aren’t Crashes—They’re Detours

Let’s be real: Even in a bull market, Bitcoin doesn’t go up in a straight line (unless you’re hallucinating from sleep-deprived chart-staring). Ju predicts 6-12 months of “meh” price action—sideways shuffling or even bearish dips. But here’s the kicker: That’s *normal*.
Think of it like a fitness influencer’s “cheat day” after a six-pack abs grind. Short-term traders might panic, but long-term? Ju’s still calling for a return to six figures. Why? Because corrections shake out weak hands, reset leverage, and—plot twist—set the stage for the next leg up.

The Verdict: Bull Run 2.0 or Bear Market in Disguise?

So, is Bitcoin’s bull run over? Nah, dude—it’s just getting a software update. Between institutional demand, ETF money flows, and macro liquidity, the fundamentals scream “HODL.” Sure, there’ll be gut-wrenching dips (RIP, paper hands), but as Ju’s data shows, this cycle’s got legs.
Final clue for the sleuths? Watch ETF inflows and M2 trends. If they keep rising, this bull’s got years left in the tank. But if they stall? Well… let’s just say even Sherlock had his off days.