CryptoQuant CEO Eats His Words: Bitcoin Bulls Charge Past $100k!

Ki Young Ju's Humble Pie: "I Was Wrong About The Bull Cycle!"

Holy smokes, folks! CryptoQuant's big boss, Ki Young Ju, just did a complete 180! He's now singing a different tune about the Bitcoin bull cycle after BTC smashed through the $100k ceiling like it was nothing! Ju's calling this wild ride a "transitional phase."

Just the other day, Ju spilled the beans in a post, straight up apologizing for calling the end of the Bitcoin bull run back in March 2025. But guess what? BTC laughed in the face of that prediction and clawed its way back to $100k on May 8, right after President Trump dropped a bombshell about a new trade deal with the U.K.!

"I messed up, guys. I'm sorry for the bad call. I'll bring you better stuff from now on. Thanks," Ju admitted, hat in hand.

But wait, there's more! Ju's now saying the BTC market's playbook has changed. It's not just about the old school whales and retail traders anymore. Nope, we've got ETFs and big-time institutions shaking things up!

"The Bitcoin game has leveled up. ETFs, MicroStrategy, big investors, and even the feds are all getting in on the action," Ju declared.

So what's next? Ju's tossing out the old "profit-taking cycles" playbook. You know, those moments when the whales cash out and send everyone else scrambling to sell. Nah, Ju's saying we need to focus on the fresh cash flowing in from the big players because that can trump any whale sell-off!

"Forget the old whales selling off. We need to watch the new money coming in from the institutions and ETFs. That's the real game-changer," Ju explained.

And get this, at the time of writing, BTC's up more than 3% in the last 24 hours, trading at a whopping $102,773! It's the first time BTC's hit six figures since February, but hold your horses, the daily trading volume's taken a nosedive by over 30% to $51 billion.

Even with all this craziness, Ju's sticking to his guns about using on-chain data to read the market's tea leaves, just like he's always done.

But here's the kicker: Ju's calling this whole thing a "transitional period." The market's not leaning bullish or bearish right now because it's still trying to soak up all that new liquidity.

"Sure, the price action's looking crazy bullish, but I'm talking about the profit-taking cycle here," Ju clarified.

Remember back in March when Ju was calling for a "bearish or sideways" Bitcoin future over the next six to twelve months? He even threw down a historical chart showing BTC's profit and loss index signals from 2014 to now.

But then, Bitcoin took a nosedive below $75,000 right after Trump announced those Liberation Day blanket tariffs. Talk about a rollercoaster!