The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Here’s Why Bitcoin Is Still in the Middle of a Bull Market, According to CryptoQuant CEO

by Daily Hodl Staff
September 30, 2024
in Altcoins, Bitcoin

The head of blockchain analytics platform CryptoQuant thinks Bitcoin (BTC) is right in the middle of a bull cycle, despite a dip to start the week.

Ki Young Ju tells his 346,000 followers on the social media platform X that BTC’s market cap continues to grow faster than its realized cap, a trend that in past market cycles has lasted about two years during the bull phases.

If the pattern repeats, the current bull market could last until around April 2025, according to Ju.

The realized cap metric records the price of each Bitcoin when it last moved and aims to gauge how many holders are in profit or at a loss.

“Hey bears, I’m sorry, but Bitcoin is still in the middle of the bull cycle. When market cap grows faster than realized cap, it may signal a bull market; the reverse could indicate a bear market. This is likely due to more exchange trading in bulls and increased on-chain OTC (over-the-counter) activity in bears.”

Image
Source: Ki Young Ju/X

Bitcoin is trading for $63,608 at time of writing, down 3.3% in the last 24 hours.

The analyst also says that “altseason,” a phase when altcoins outperform Bitcoin, may be about to take off. At the approach of the phase, traders tend to rotate capital from Bitcoin into altcoins in pursuit of greater returns.

“Asset rotation from Bitcoin to altcoins hasn’t started, but buy walls are getting stronger overall. I like the calm before the storm.”

Image

However, Ju recently warned that the altcoin market could remain flat due to a lack of crypto innovation.

“An industry that does not promote dopamine is destined to decline. The crypto industry we once knew is now failing to provide any dopamine to both builders and traders. That is why it is in crisis. A new game for traders must emerge.

Only then can money flow into the market, and the industry can grow. The 2024 altcoin performance is dismal. Money is not flowing into the industry. If we do not create a new game to stimulate traders’ dopamine, the crypto industry we know will face a prolonged period of stagnation. I am genuinely concerned.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

Submit a Press Release

Industry Announcements

  • Zircuit Launches AI Trading Engine for Lightning-Fast, Cross-Chain Trading
    July 24, 2025
  • From Utility to Global Adoption — G Coin Surpasses 1M Daily On-Chain Transactions
    July 24, 2025
  • The CMC Group Unveils its Dual Token Ecosystem: With FUST & FUSD Igniting the Next Frontier in Stablecoin Innovation
    July 24, 2025
  • Coeptis Announces Merger with Z Squared, Marking Strategic Pivot into Dogecoin Mining
    July 24, 2025
  • Ethereum-Based Memecoin PEPETO Surpasses $5.5 Million in Presale
    July 23, 2025
  • Crypto MEV Bot (Cryptomevbot.com) Launches Crypto Trading Bot for Individual and Enterprise Traders
    July 23, 2025
  • MultiBank.io Partners With Fireblocks and Mavryk To Launch $10 Billion Real Estate Tokenization Platform
    July 23, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,665.79
$118,665.79
0.64%
Ethereum
$3,728.14
$3,728.14
4.2%
BNB
$778.73
$778.73
2.29%
Solana
$187.26
$187.26
0.79%
XRP
$3.20
$3.20
2.55%

Spotlight

  • Analyst Says BTC Reversal ‘Just a Matter of Time’ Amid Euphoria – Here’s His Outlook
    July 17, 2025
  • Father of Crypto Tycoon Vanishes As $1,000,000+ Drained from His Bank Accounts: Report
    July 17, 2025
  • Bitcoin Primed for Further Upside Based on Current Market Structure, Says Crypto Analytics Firm – Here’s the Outlook
    July 17, 2025
  • Rare Signal That Preceded 630% XRP Gain Has Just Flashed Again, According to Crypto Trader
    July 17, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl