{"id":20033,"date":"2025-03-19T10:23:26","date_gmt":"2025-03-19T10:23:26","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2025\/03\/19\/bitcoin-growth-cycle-has-ended-said-cryptoquant-ceo\/"},"modified":"2025-03-19T10:23:26","modified_gmt":"2025-03-19T10:23:26","slug":"bitcoin-growth-cycle-has-ended-said-cryptoquant-ceo","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2025\/03\/19\/bitcoin-growth-cycle-has-ended-said-cryptoquant-ceo\/","title":{"rendered":"&#8220;Bitcoin growth cycle has ended&#8221; said CryptoQuant CEO"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Key Takeaways<\/strong><\/p>\n<blockquote>\n<p class=\"p2\">Bitcoin may undergo a period of correction or sideways movement in the coming year.<\/p>\n<p class=\"p2\">DeFi is facing a decline in 2025 due to regulatory and scalability challenges.<\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">CryptoQuant CEO Ki Young Ju announced that Bitcoin\u2019s bull cycle had ended and predicted that the price would decline or move sideways for the next 6 to 12 months. Previously, he had stated that the market had not yet entered a bearish phase. So, what caused him to change his view?<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Perspective\"\/><b>The Perspective<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Previously, the CEO of CryptoQuant stated that <\/span><a href=\"https:\/\/x.com\/ki_young_ju\/status\/1900434651379839163\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">\u201cit\u2019s too early to call it a bear market,\u201d<\/span><\/a><span style=\"font-weight: 400;\"> and this perspective was reflected in the CryptoQuant chart.\u00a0<\/span><\/p>\n<h3><b>Bitcoin Price Movements Over Different Periods<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The chart shows that Bitcoin\u2019s price (black line) has gone through several strong volatility cycles:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2021: Bitcoin <a href=\"https:\/\/nftevening.com\/recommends\/binance-trade\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"inline-coin\" data-id=\"bitcoin\" data-wpel-link=\"internal\"><span class=\"inline-coin__symbol\">BTC<\/span><span class=\"inline-coin__price\"\/><\/a> surged to its all-time high (~$69,000) in the first half of the year before experiencing a significant correction toward the end.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2022: The market entered a downtrend, with BTC losing over 60% of its value, reaching a bottom around $20,000.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2023 \u2013 2024: Bitcoin gradually recovered, reflecting an improvement in market sentiment and new capital inflows.<\/span><\/li>\n<\/ul>\n<div id=\"attachment_148995\" style=\"width: 2890px\" class=\"wp-caption alignnone\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148995\" class=\"lazyload wp-image-148995 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Bitcoin-Price-Movements-Over-Different-Periods.jpg\" alt=\"Bitcoin Price Movements Over Different Periods\" width=\"2880\" height=\"1800\"\/><\/p>\n<p id=\"caption-attachment-148995\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<h3><b>\u201cApparent Demand\u201d \u2013 Market Demand Indicator<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The chart highlights two key color zones representing capital flow trends in the market:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Green (Positive Apparent Demand): Indicates that BTC is being accumulated or held, reflecting a positive market sentiment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Red (Negative Apparent Demand): Represents BTC flowing out of the market, often signaling strong selling pressure.<\/li>\n<\/ul>\n<h3><b>The Relationship Between \u201cApparent Demand\u201d and Bitcoin Price<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When the chart turns green for an extended period, Bitcoin tends to either rise or consolidate. This is a sign of accumulation, where investors believe in a long-term uptrend. Notable examples include early 2021 and late 2023.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">When the chart turns red, the market typically undergoes corrections or sharp declines. This was evident from late 2021 to mid-2022, where BTC\u2019s price dropped significantly from $60,000 to around $20,000.<\/span><\/li>\n<\/ul>\n<h3><b>Recent Trends and Market Signals<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In 2022, Bitcoin <a href=\"https:\/\/nftevening.com\/recommends\/binance-trade\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"inline-coin\" data-id=\"bitcoin\" data-wpel-link=\"internal\"><span class=\"inline-coin__symbol\">BTC<\/span><span class=\"inline-coin__price\"\/><\/a> experienced one of its steepest price declines in history, coinciding with deep red zones on the chart, indicating massive selling pressure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Since early 2023, \u201cApparent Demand\u201d has shifted back to green, signaling market accumulation. This has been one of the key factors supporting BTC\u2019s recovery.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">On-chain data suggests that the \u201cApparent Demand\u201d index continues to reflect existing market demand, institutional and Bitcoin ETF inflows remain present, and BTC\u2019s price is still holding at critical support levels.<\/span><\/p>\n<div id=\"attachment_148997\" style=\"width: 1210px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148997\" class=\"wp-image-148997 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Bitcoin-Apparent-Demand.jpeg\" alt=\"The Relationship Between \u201cApparent Demand\u201d and Bitcoin Price\" width=\"1200\" height=\"675\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148997\" class=\"lazyload wp-image-148997 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/Bitcoin-Apparent-Demand.jpeg\" alt=\"The Relationship Between \u201cApparent Demand\u201d and Bitcoin Price\" width=\"1200\" height=\"675\"\/><\/p>\n<p id=\"caption-attachment-148997\" class=\"wp-caption-text\">Source: X<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Ki Young Ju cited 4 main reasons for his change in outlook:<\/span><\/p>\n<h4><b>PnL Index Cyclical Signals<\/b><\/h4>\n<h5><b>Chart Structure<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Black line: Represents Bitcoin\u2019s price over time (logarithmic scale).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Green vertical lines: Buy signals \u2013 Indicate periods when Bitcoin is considered to have strong growth potential.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Red vertical lines: Sell signals \u2013 Warn of Bitcoin reaching a peak and a potential price correction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Yellow dots: Peaks based on the PnL index, often signaling the extreme growth cycles of Bitcoin.<\/span><\/li>\n<\/ul>\n<h5><b>Bitcoin\u2019s Historical Trends According to the PnL Index<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The chart indicates that <a href=\"https:\/\/x.com\/ki_young_ju\/status\/1901776137715671191\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Bitcoin follows a clear cycle of growth and correction<\/a>, as reflected in the following signals:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2013-2014 Cycle: Bitcoin surged significantly before a sell signal appeared around 2014, followed by a sharp market decline.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2017-2018 Cycle: Bitcoin reached a peak near $20,000, after which a sell signal emerged, leading to a steep price drop.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2021-2022 Cycle: Bitcoin hit a new all-time high above $60,000, then experienced a significant decline following a sell signal in late 2021.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2024-2025 Period: The chart now shows another sell signal close to the present, suggesting that Bitcoin <a href=\"https:\/\/nftevening.com\/recommends\/binance-trade\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"inline-coin\" data-id=\"bitcoin\" data-wpel-link=\"internal\"><span class=\"inline-coin__symbol\">BTC<\/span><span class=\"inline-coin__price\"\/><\/a> may have already peaked or is approaching the top of this cycle.<\/span><\/li>\n<\/ul>\n<h5><b>Recent Trends and Forecast<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The latest data shows a sell signal appearing in 2024-2025, similar to previous cycles.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This indicates that the indicator has just issued a sell signal, aligning with previous peaks in 2013, 2017, and 2021. Historically, after each of these signals, BTC has experienced a correction phase lasting 6-12 months.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">While this does not necessarily confirm that <a href=\"https:\/\/nftevening.com\/bitcoin-price-decline\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\">Bitcoin has entered a bear market<\/a>, it suggests that BTC could face a period of correction or sideways movement in the near future<\/span><\/li>\n<\/ul>\n<div id=\"attachment_148998\" style=\"width: 1210px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148998\" class=\"wp-image-148998 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/PnL-Index-Cyclical-Signals.jpeg\" alt=\"PnL Index Cyclical Signals\" width=\"1200\" height=\"674\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148998\" class=\"lazyload wp-image-148998 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/PnL-Index-Cyclical-Signals.jpeg\" alt=\"PnL Index Cyclical Signals\" width=\"1200\" height=\"674\"\/><\/p>\n<p id=\"caption-attachment-148998\" class=\"wp-caption-text\">Source: X<\/p>\n<\/div>\n<h4><b>On-chain metrics signaling a bear market:\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Indicators such as MVRV, SOPR, and NUPL all show a downward trend, reflecting negative market sentiment and a potential entry into a bear market.<\/span><\/p>\n<div id=\"attachment_148999\" style=\"width: 1210px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148999\" class=\"wp-image-148999 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/CryptoQuant-1.jpeg\" alt=\"On-chain metrics signaling a bear market\" width=\"1200\" height=\"675\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-148999\" class=\"lazyload wp-image-148999 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/CryptoQuant-1.jpeg\" alt=\"On-chain metrics signaling a bear market\" width=\"1200\" height=\"675\"\/><\/p>\n<p id=\"caption-attachment-148999\" class=\"wp-caption-text\">Source: X<\/p>\n<\/div>\n<h5><b>Chart Structure<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Black line: Represents Bitcoin\u2019s price over time (logarithmic scale).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Blue line (ma_365): The 365-day moving average calculated from on-chain data, reflecting the market\u2019s long-term momentum.<\/span><\/li>\n<\/ul>\n<h5><b>Historical Trends and Forecast<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2013-2014: The ma_365 index peaked, leading to Bitcoin reaching an all-time high of approximately $1,100, followed by a sharp decline in 2015.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2017-2018: The ma_365 index peaked again, with Bitcoin reaching an all-time high of around $20,000, before experiencing a significant drop in 2018.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2020-2021: The ma_365 index reached its highest level ever, coinciding with Bitcoin\u2019s all-time high of $69,000, followed by a deep correction in 2022.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2024: The ma_365 index is currently rising strongly, indicating that the market is in an expansion phase, but it has not yet reached the peak levels seen in previous cycles.<\/span><\/li>\n<\/ul>\n<h5><b>Market Signals for Investors<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The MVRV Ratio (Market Value to Realized Value) is approaching a critical zone, similar to previous market peaks. This suggests that Bitcoin may be nearing an overheated phase.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The SOPR (Spent Output Profit Ratio) indicates that many investors are selling Bitcoin at a loss, signaling a shift away from profit-taking behavior.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NUPL (Net Unrealized Profit\/Loss) shows a decline in unrealized profits, a pattern that has historically preceded market corrections.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These indicators have appeared in past bear markets, suggesting that Bitcoin may be entering a phase of increased risk or potential market adjustment.<\/span><\/p>\n<h4><b>New liquidity drying up:\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Institutional capital inflows and Bitcoin ETFs have declined, leading to a lack of liquidity to support BTC prices. For example, BlackRock\u2019s Bitcoin ETF has recorded three consecutive weeks of outflows.<\/span><\/p>\n<h4><b>Whales selling BTC at lower prices:\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Large Bitcoin holders (Whales) are offloading their BTC at lower price levels, adding downward pressure to the market.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_Bitcoin_Really_Entering_a_Bear_Market\"\/><b>Is Bitcoin Really Entering a Bear Market?<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Based on these factors, Bitcoin <a href=\"https:\/\/nftevening.com\/recommends\/binance-trade\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"inline-coin\" data-id=\"bitcoin\" data-wpel-link=\"internal\"><span class=\"inline-coin__symbol\">BTC<\/span><span class=\"inline-coin__price\"\/><\/a> is facing strong downward pressure and could be entering a bear market. However, the cryptocurrency market is inherently volatile and difficult to predict. Investors should remain cautious, closely monitor key market indicators, and stay informed to make sound investment decisions.<\/span><\/p>\n<div class=\"b-cta-wrapper\">\n<div class=\"b-cta b-cta--stack\">\n<div class=\"b-cta__image\"><a href=\"https:\/\/nftevening.com\/recommends\/okx\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2024\/04\/07104210-300x169.webp\" class=\"image-fit wp-post-image\" alt=\"OKX Review 2024: Trading Features, Fees, and Security\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2024\/04\/07104210-300x169.webp\" class=\"lazyload image-fit wp-post-image\" alt=\"OKX Review 2024: Trading Features, Fees, and Security\"\/><\/a><\/div>\n<\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"DeFis_Underperformance_in_2025\"\/><b>DeFi\u2019s Underperformance in 2025<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Decentralized Finance (DeFi) was expected to be a key driver of the crypto bull cycle, providing decentralized financial services such as lending, borrowing, staking, and yield farming. However, as of early 2025, DeFi has been underperforming and has not met initial expectations. Below is a detailed analysis based on recent data and research, as of March 19, 2025.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Background_and_Initial_Expectations\"\/><b>Background and Initial Expectations<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">DeFi is a decentralized financial ecosystem built on blockchain technology, allowing users to conduct financial transactions without intermediaries such as banks or traditional financial institutions. During the uptrend, DeFi was expected to attract more capital through yield farming, staking, and innovative financial products.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Exploding Topics, in 2020, DeFi\u2019s Total Value Locked (TVL) increased 14 times, and by 2021, TVL peaked at $112.07 billion, demonstrating its growth potential during bull markets. The expectation was that DeFi would continue to drive the next uptrend, with TVL soaring due to new capital inflows from both retail and institutional investors.<\/span><\/p>\n<h3><b>Reality: DeFi\u2019s Underperformance<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">However, recent data suggests that DeFi has faced multiple challenges, leading to lower-than-expected performance. Key factors include:<\/span><\/p>\n<h4><b>Declining Total Value Locked (TVL)<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">TVL is a crucial indicator reflecting the health and activity of DeFi, measuring the total value of assets locked in DeFi protocols. According to DeFiLlama, in December 2024, TVL reached $140 billion, but by March 2025, it had dropped to $90 billion. This sharp decline signals decreasing liquidity and investor confidence. Possible reasons include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investors withdrawing funds due to security concerns, especially following major hacks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The broader crypto market is undergoing a correction, affecting the value of locked assets.<\/span><\/li>\n<\/ul>\n<h4><b>Regulatory Challenges<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Unclear regulatory frameworks, particularly in major markets like the U.S., have become significant barriers. AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations impose compliance hurdles, discouraging large financial institutions from engaging with DeFi. This has restricted institutional capital inflows, which were expected to propel DeFi growth during the bull run.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, regulatory uncertainty in the U.S. has forced many DeFi projects to pause or adjust their strategies, slowing their overall development.<\/span><\/p>\n<h4><b>Scalability and Transaction Costs<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Major blockchains like Ethereum\u2014the primary DeFi platform\u2014still struggle with scalability, processing only around 15 transactions per second (TPS), much slower than blockchains like Solana.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the Layer-2 ecosystem, including Arbitrum and Optimism, has significantly improved scalability, increasing the total TPS to around 592 as of January 2025. While this has helped accelerate transactions for DeFi applications, it has not yet fully resolved Ethereum\u2019s limitations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to L2Beat, TVL on Layer-2 solutions grew by 232% in a year, surpassing $37 billion, but these solutions have not yet completely replaced the need for Ethereum mainnet transactions.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"\/><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin is showing signs of entering a correction phase, with on-chain indicators like PnL Index, 365 MA Signal, MVRV, SOPR, and NUPL reflecting increased selling pressure and declining liquidity. While not confirming a bear market, historical data suggests a 6-12 month period of market consolidation or decline.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, DeFi has underperformed in 2025, facing declining TVL, regulatory hurdles, security concerns, and scalability challenges. Despite the adoption of Layer-2 solutions, DeFi has yet to meet expectations as a key growth driver.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Will the market view of the CryptoQuant CEO be correct this time, and will there be any bullish waves in 2025?<\/span><\/p>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/bitcoin-growth-cycle-end\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=bitcoin-growth-cycle-end\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Bitcoin may undergo a period of correction or sideways movement in the coming year. DeFi is facing a decline in 2025 due to regulatory and scalability challenges. CryptoQuant CEO Ki Young Ju announced that Bitcoin\u2019s bull cycle had ended and predicted that the price would decline or move sideways for the next 6 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/03\/cryptoquant-ceo.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/20033"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=20033"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/20033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/20034"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=20033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=20033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=20033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}