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Ki Young Ju’s recent announcement has sparked discussions about the onset of a bear market. Following this statement, Bitcoin 
$104,573‘s value dropped below $82,000 and has been stabilizing at these levels. This raises the question: have we truly entered a bear market? Will cryptocurrencies experience a decline over the next 6-12 months?
Are We in a Bear Market for Cryptocurrencies?
According to CryptoQuant’s CEO, the metrics indicate that bear markets have begun. Just last week, he expressed optimism about the market, making his current comments on a downturn particularly alarming.
Liquidity in the cryptocurrency markets has diminished, and risk appetite has weakened due to global tensions. Shant Manukyan mentioned that we are on the brink of a bear market in stocks due to the current macroeconomic situation in the U.S. Perhaps bear markets have indeed commenced?
Expert Opinions
Shant Manukyan stated that we are on the verge of bear markets for stocks and cryptocurrencies alike. Ki Young Ju clearly indicated that we are in a bear market and warned of a potential nightmare lasting 6-12 months. Looking at other experts, Stockmoney Lizards remarked;
“People are impatient and bored. They cannot see the historic opportunity we have. BTC is in a corrective channel: lower highs and lower lows.
However, the downward momentum is increasing. If we test the mid to low 70s, I wouldn’t be surprised (perhaps just a wick). In either case, <80k remains our personal accumulation zone. If you’ve been around for a while, you know BTC corrections typically last several months, while explosive movements happen within days.”
Ali Charts, the fourth expert, discusses whether bear markets have truly begun.
“Multiple signals indicate that BTC is experiencing a macro trend shift. For example, the Inter-Exchange Flow Pulse, which tracks spot and derivative exchange flows, shows that a corrective phase is ongoing.”
The MVRV ratio also indicates a turning point in momentum, suggesting that sales could deepen.
Market Cycle indicators are signaling the early stages of bear markets.
Major investors appear cautious and are actively selling. Miners recently sold off $27 million in profits. Whales have directed large sales exceeding $260 million. Capital inflows have sharply decreased from $135 billion in December to just $4 billion today.
Ali Charts suggests that if we are indeed entering a downtrend, the next significant support level will be between $66,000 and $69,000.
