Is Bitcoin Stuck in the Slow Lane? Find Out Why! 🚧

So, buckle up, because according to CryptoQuant’s CEO Ki Young Ju, Bitcoin is playing hard to get—like that guy you dated who just wouldn’t text you back. We’re potentially staring down a bear market that could last a whole six months. Yay! 🐻

April hasn’t been kind to Bitcoin (BTC), with prices tumbling to a dramatic, three-week low of $77,077. Ju took to X on April 5, tweeting about how this bear market is like a bad breakup that just won’t end—evident from the lack of price movement despite money flowing in. Seriously, more money is entering than gym memberships during New Year’s resolutions!

Now, let’s break it down: Realized cap is basically the emotional baggage of Bitcoin—it’s how much people actually spend on Bitcoin based on whether wallets are getting heavy or light. In contrast, market cap is like seeing photos of your ex on social media—it tells you what everyone *thinks* is going on while the reality is way different.

#Bitcoin bull cycle is over — here’s why.

There’s a concept in on-chain data called Realized Cap. It works like this: when BTC enters a blockchain wallet, it’s considered a “buy,” and when it leaves, it’s treated as a “sell.” Using this idea, we can estimate an average cost…

— Ki Young Ju (@ki_young_ju) April 5, 2025

Ju mentions that in happier times, small capital can make Bitcoin prices dance like they’re at a wedding. But right now, even those big capital moves are struggling to lift Bitcoin’s spirits. Historically speaking, a real price rebound can take at least six months, so don’t hold your breath for that short-term rally—it’s like waiting for your cat to obey.

According to Coinglass, Bitcoin kicked off Q1 with its worst start since 2018—a tragic 11.8% drop. Historically, these losses are like ominous signs—think of them as foreshadowing a horror movie. Back in 2020, COVID fears triggered a 9.4% drop, yet Bitcoin was that determined underdog that finished the year up over 300%! Meanwhile, the Q1 losses in 2014, 2018, and 2022 were the last nail in the bull market’s coffin. 🔨

Now, throw President Trump into the mix with his new tariffs, and we’ve got market volatility like the plot twist in a soap opera. While Bitcoin has previously sky-rocketed after Trump’s election, its role as a U.S. economic hedge is now under scrutiny. Will Bitcoin rise to the occasion during these uncertain times? Stay tuned; it’s about to get dramatic!

2025-04-07 09:16

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