{"id":23828,"date":"2025-05-09T15:22:06","date_gmt":"2025-05-09T12:22:06","guid":{"rendered":"https:\/\/forklog.com\/en\/cryptoquant-ceo-apologizes-for-erroneous-bitcoin-forecast\/"},"modified":"2025-05-09T15:22:06","modified_gmt":"2025-05-09T12:22:06","slug":"cryptoquant-ceo-apologizes-for-erroneous-bitcoin-forecast","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cryptoquant-ceo-apologizes-for-erroneous-bitcoin-forecast\/","title":{"rendered":"CryptoQuant CEO Apologizes for Erroneous Bitcoin Forecast"},"content":{"rendered":"<p>CEO of CryptoQuant, Ki Young Ju, has publicly apologized for his <a href=\"https:\/\/u1f987.com\/en\/news\/cryptoquant-ceo-declares-end-of-bitcoin-bull-market\">erroneous forecast<\/a> regarding the end of Bitcoin&#8217;s bull cycle, which was published two months ago.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Two months ago, I said the bull cycle was over, but I was wrong. <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> selling pressure is easing, and massive inflows are coming through ETFs.<\/p>\n<p>In the past, the Bitcoin market was pretty simple. The main players were old whales, miners, and new retail investors, basically\u2026 <a href=\"https:\/\/t.co\/oN4n6vNc0s\">pic.twitter.com\/oN4n6vNc0s<\/a><\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1920738436887310582?ref_src=twsrc%5Etfw\">May 9, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, the selling pressure on the leading cryptocurrency is decreasing, with significant funds entering the market through exchange-traded funds (ETFs).<\/p>\n<p>Previously, Bitcoin&#8217;s dynamics were determined by three groups: miners, whales, and retail investors. When liquidity from new participants dried up and large holders began to take profits, a chain reaction of sell-offs would ensue.<\/p>\n<p>Now, the market structure has become more complex: in addition to traditional players, it includes ETFs, companies like Strategy, institutional investors, and even government entities, Ju noted.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe old model of cycles no longer works. Now, it is important not to track whale sell-offs but to assess the volume of new capital from institutions and ETFs. This influx can offset even a massive exit by large holders,\u201d stated the CEO of CryptoQuant.<\/em><\/p>\n<\/blockquote>\n<p>Despite the rise in Bitcoin&#8217;s price, the analyst describes the current market as \u201csluggish.\u201d Most indicators are teetering on the edge, providing no clear signals, he explained.<\/p>\n<p>Ju emphasized that the forecasting error does not mean on-chain metrics have lost their value.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cData remains data. Different analysts can interpret it in their own way,\u201d the expert added.<\/em><\/p>\n<\/blockquote>\n<p>He promised to improve the quality of analysis and consider new factors, including the integration of the leading cryptocurrency with traditional finance.<\/p>\n<p>On May 8, Bitcoin&#8217;s price <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-surges-past-100000-amid-market-revival\">returned to levels above $100,000<\/a>, while Ethereum <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-surpasses-2000-amid-institutional-interest\">outperformed<\/a> other blue chips in terms of dynamics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CEO of CryptoQuant, Ki Young Ju, has publicly apologized for his erroneous forecast regarding the end of Bitcoin&#8217;s bull cycle, which was published two months ago. Two months ago, I said the bull cycle was over, but I was wrong. #Bitcoin selling pressure is easing, and massive inflows are coming through ETFs. In the past, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1205,1138],"class_list":["post-23828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptoquant","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23828"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23827"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}