Swyftx lead analyst Pav Hundal told Cointelegraph that “there is no reason to panic.”Hundal explained that while investors are “spooked” by US President Donald Trump’s tariffs, “all the numbers show a global economy that is pointing in the right direction.”“Money will move to on-risk assets when the market is ready to take on risk.”At the time of publication, Bitcoin is trading at $83,030, down 14.79% over the past month, according to CoinMarketCap data.Bitcoin is down 14.89% over the past month.
CryptoQuant’s head chief says Bitcoin’s bull market could already be over — changing his stance from earlier in the month when he said the Bitcoin bull cycle will be slow but “is still intact.”“Bitcoin bull cycle is over, expecting 6-12 months of bearish or sideways price action,” CryptoQuant founder and CEO Ki Young Ju said in a March 17 X post.
All signals are currently bearish, says JuJu said that all Bitcoin (BTC) onchain metrics indicate a bear market.“With fresh liquidity drying up, new whales are selling Bitcoin at lower prices,” Ju said. It comes only days after Cointelegraph reported that Bitcoin funding rates, which reflect the cost of holding long or short positions in crypto futures, are hovering close to 0%, indicating increasing indecisiveness among traders.
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Author / Journalist: Cointelegraph by Ciaran Lyons
The story "‘Bitcoin bull cycle is over,' CryptoQuant CEO warns, citing onchain metrics" has 549 words across 18 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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