CryptoQuant's Ki Young Ju: Bitcoin Bull Run Has Started, 3–5x Cycle Ahead
- —Ki Young Ju expects a 3–5x move from the lows, not 10x
- —He says the bear market ended this summer
- —Institutional ETF cost basis sits in the low-to-mid $80Ks
- —Bitcoin's realized cap is approaching $700 billion
Why it matters: The call gives holders a framework: ETF-driven institutional flows are muting the cycle, shifting expectations from 10x to 3–5x.
Source: Bitcoin Magazine