PANews reported on February 27 that Ki Young Ju, co-founder and CEO of CryptoQuant, tweeted that the Bitcoin on-chain indicators are at the bull-bear boundary. It is expected that this will be the longest bull market in history, but it may be wrong. At least one month of data is needed to confirm whether it is entering a bear market. If demand does not recover, the indicators may completely indicate a downward trend.

“Based on the typical two-year cycle, the bull run should last until April 2025. The next month or two will be a critical turning point for the BTC market. If every indicator confirms the downside, I will admit that I was wrong and publish about it. But as I said before, I think the probability of a drop below 77K is low. Even in the worst case, I see a high probability of consolidating around 77K for a few months and then going back up. I don’t think it’s a good move to make big bets on leveraged directional stocks (long or short) now.”