Ki Young Ju Says Bitcoin May Need to Hit $55K Before True Recovery Begins

CryptoQuant CEO Ki Young Ju has characterized the current Bitcoin market as a definitive bear cycle, noting that overwhelming selling pressure is negating new capital inflows, including from ETFs. He stated that past deep corrections required at least three months of consolidation before sentiment recovered. Ju outlined two paths for a genuine recovery: either Bitcoin must drop toward its realized price of approximately $55,000 before rebounding, or it must endure a prolonged sideways consolidation between $60,000 and $70,000.

Ju attributes the recent decline partly to institutional players unwinding positions as Bitcoin's volatility decreased, making other assets like Nasdaq and gold more attractive for their strategies. He also observed aggressive, short-timeframe market dumps suggesting forced liquidations. For altcoins, the outlook is bleaker, as volume increases were mostly capital rotation among existing participants rather than new market expansion, leading him to conclude that short-term upside is limited.

(Source：BeInCrypto)