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Analyst Ki Young Ju Admits Mistake Over Wrong Bitcoin Prediction

  • On May 9, 2025, Ki Young Ju, founder and CEO of CryptoQuant, acknowledged that his previous forecast claiming the Bitcoin bull cycle had concluded was mistaken.
  • He made the forecast two months earlier when Bitcoin’s traditional boom-and-bust cycles were still assumed to dominate market behavior.
  • Ki explained that rising institutional liquidity and massive inflows from US Spot Bitcoin ETFs have reshaped market dynamics, reducing the weight of old whale-selling pressures.
  • Bitcoin recently surged past $104,000, its highest level since late January, while ETFs' assets under management exceeded $120 billion, signaling strong institutional demand.
  • Ki concluded that the Bitcoin market now defies previous cycle theories and that investors should focus on evolving liquidity sources amid a volatile, maturing market.
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Coinfomania broke the news in on Friday, May 9, 2025.
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