Ki Young Ju, CEO of on-chain analytics firm CryptoQuant, has officially declared the end of the Bitcoin bear cycle, citing the company’s proprietary Bull-Bear Market Cycle Indicator.
The indicator, which tracks 30-day and 365-day moving averages of market momentum, has staged a sharp recovery from "Extreme Bear" levels to "Early Bull" territory. This marks a significant shift in market sentiment, reflecting renewed confidence among investors.
According to the data, sell-side pressure has diminished considerably, and the market appears to have entered a new accumulation phase, supported by rising institutional inflows and easing macroeconomic headwinds.
This announcement comes as Bitcoin's price rebounds near the $90,000 level. Analysts expect this technical signal to drive further gains in the coming months, especially as exchange reserves dwindle and ETF demand remains steady.
This declaration is widely seen as a green light for long-term investors, reinforcing the bullish outlook for Bitcoin as a core institutional asset in the second half of 2026.