CryptoQuant CEO Ju Ki-young stated that in this BTC bull cycle, instead of the 10x-plus increases seen in the past, a rise of 3-5 times is expected, and the bear market will also be more moderate than before. He said via X, "In the past, BTC was heavily influenced by short-term speculative funds due to its small market size and high proportion of individual investors. This led to explosive gains in bull markets, but these were often followed by sharp declines of up to 80%. Currently, as the BTC market size grows and institutional investor participation expands, volatility in both upward and downward movements is easing. Ultimately, due to market maturity, the likelihood of BTC experiencing explosive gains like in the past may decrease, but at the same time, the risk of a crash also diminishes. This could create a more favorable environment for long-term investment funds to participate in the BTC market than for short-term investments. If BTC grows into a stable asset capable of being used as actual currency in the long term, it could reshape the world in unimaginable ways."
