Bitcoin Falls to $73,000 Range as CryptoQuant’s Ki Young Ju Says Bear Market May Last Until Early Next Year
Summary
- CryptoQuant CEO Ki Young Ju said Bitcoin (BTC)’s bear market could last until early next year.
- He said a chain of profit-taking typically drives profit and loss (PnL) lower for about 18 months and pointed to a trend reversal after October 2025.
- Ju said a trend shift would require rising unrealized profits and falling realized profits, adding that the market has not reached that stage yet. He also said Bitcoin prices were trading at $73,547.79, down 4.74%% from a week earlier.
Forecast Trend Report by Period
Ki Young Ju, chief executive officer of CryptoQuant, said Bitcoin’s bear market could continue until early next year.
In a post on X on May 29, Ju wrote that Bitcoin investors’ profit and loss, or PnL, typically declines for about 18 months when profit-taking triggers a chain reaction. Based on the trend reversal in October 2025, the bear market could last until early next year, he said.
For the trend to turn, unrealized profits need to rise while realized profits decline. The market has not reached that stage yet, Ju added.
Bitcoin’s slide accelerated this week, pushing the token into the $73,000 range on May 28. According to CoinMarketCap, Bitcoin traded at $73,547.79 as of 8:15 p.m. in Korea on May 29, up 0.31% from a day earlier. It was down 4.74% from a week earlier.
