Cryptoquant CEO Warns Bitcoin Bear Market Could Last Until Early 2027; K33 Disagrees
Worth a glance, not a chew.
Summary
Cryptoquant CEO Ki Young Ju warns that Bitcoin's bear market could extend into early 2027, based on historical patterns where investor profit and loss (PnL) declines for roughly 18 months after a profit-taking cascade. The downtrend that began in October 2025 is expected to persist until unrealized profits rebuild. The analysis uses on-chain metrics like the MVRV ratio and net unrealized profit/loss. However, K33 Research offers a contrasting view, claiming the February low near $60,000 already represented the cycle's maximum drawdown of about 52% from the prior peak.
Key quotes
· 3 pulledBitcoin's investor PnL typically declines for roughly 18 months after a profit-taking cascade.
The downtrend that began in October 2025 is argued to persist until unrealized profits rebuild.
K33 instead claims the February low near $60,000 already represented the cycle's maximum drawdown, about a 52% decline from the prior peak.
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