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Ki Young Ju, the CEO of CryptoQuant, has issued a stark warning that Bitcoin is currently navigating a firm bear cycle that could persist for several months. According to the analyst, on-chain data and capital flow trends indicate a persistent weakness in the market's underlying structure. This bearish outlook is primarily driven by significant selling pressure from institutional investors, which continues to dampen overall market sentiment. The report suggests that the market may require further downside movement before establishing a sustainable floor for a potential recovery. Without immediate catalysts for a rebound, the cryptocurrency faces a challenging period of consolidation and potential price declines. Market participants are now closely monitoring institutional exit patterns as a key indicator of future price action.
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