The cryptocurrency market may be entering a cooling period according to industry experts, with significant whale movements potentially signaling the end of Bitcoin recent bull run.

Bitcoin Bull Cycle Conclusion Forecast by Leading Analyst

CryptoQuant CEO Ki Young Ju has issued a notable prediction regarding Bitcoin’s short-term trajectory, suggesting that the premier cryptocurrency has completed its bullish phase. According to his analysis, cryptocurrency investors should prepare for a period of bearish or sideways price action extending over the next six to twelve months.

To substantiate this forecast, Ju referenced comprehensive historical data charting Bitcoin’s profit and loss index cyclical signals from 2014 through 2024. These patterns reveal potential market cycle completions that align with current indicators.

At the time of reporting, Bitcoin shows signs of downward movement, declining nearly 0.8% over the past 24 hours of trading activity. The cryptocurrency is currently valued at approximately $82,752, according to data compiled by crypto.news. Over the past month, Bitcoin has experienced a significant 15% decrease in value.

Sophisticated On-Chain Analysis Signals Market Change

Ju employed advanced analytical methods to reach his conclusions, applying Principal Component Analysis to multiple on-chain metrics including:

  • Market Value to Realized Value Ratio
  • Spent Output Profit Ratio
  • Net Unrealized Profit/Loss

By calculating a 365-day moving average of these indicators, Ju identified critical turning points within long-term market trends.

“Every on-chain metric signals a bear market. With fresh liquidity drying up, new whales are selling Bitcoin at lower prices,” Ju stated in his analysis.

Large-Scale Whale Trading Activity Supports Bearish Outlook

Shortly following Ju’s analysis, significant whale activity was detected that appears to validate his assessment. One notable whale closed a Bitcoin short position, generating profits of $4.06 million in just three days of trading.

This particular trader had previously gained attention for opening an Ethereum long position with 50x leverage valued at approximately $200 million on Hyperliquid on March 12—a trade that resulted in the platform sustaining $4 million in losses.

According to data from SpotOnChain, the whale:

  • Deposited approximately $17.82 million in USD Coin to Hyperliquid as margin
  • Leveraged these funds at 40x to short Bitcoin
  • Recently closed all positions
  • Withdrew approximately 21.88 million USDC to their wallet

After closing these positions, the trader:

  • Allocated 6.11 million USDC to purchase 3,202 ETH
  • Converted 3.28 million USDC to acquire 1,040 PAXG Gold tokens

This pattern of high-leverage position trading has become increasingly common on Hyperliquid. On March 17, cryptocurrency traders collectively targeted an anonymous whale who had initiated a short position of approximately $450 million in Bitcoin value at 40x leverage.

Market Implications and Future Outlook

The combination of expert analysis and significant whale trading activity suggests potential volatility and downward pressure on Bitcoin prices in the coming months. Investors may need to adjust strategies accordingly for a potential extended period of bearish or sideways market conditions.

DISCLAIMER: Cryptocurrency Investment Warning

This article contains information about cryptocurrency investments and market analysis that should not be considered financial advice. Cryptocurrency markets are highly volatile and unpredictable, with significant risk of capital loss. Past performance is not indicative of future results. All investments in digital assets carry substantial risk, including the possible loss of the entire investment amount. Before making any investment decisions, readers should conduct their own thorough research and consult with qualified financial advisors. Market predictions and analyst opinions represent personal views and should not form the sole basis for investment decisions. Never invest more than you can afford to lose in cryptocurrency markets.