- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
CryptoQuant CEO: Bitcoin Cycle Pattern May Have Ended, Current Price Weakness Due to Lack of Demand
BlockBeats News, November 3rd, CryptoQuant CEO Ki Young Ju shared a series of on-chain data about Bitcoin and expressed the following key analysis:
1. Whales' unrealized gains are not extremely high. This may indicate one of the following two situations: "The hype has not arrived yet - we are far from the euphoric sentiment." or "This time is different - the market is too big to sustain a high profit margin."
2. Bitcoin's hash rate continues to hit new highs (with about 5.96 million ASIC miners online). Listed mining companies are expanding rather than scaling down, which is a clear long-term bullish signal.
3. The current demand is mainly driven by ETFs and MicroStrategy, but the buying pressure from these two major channels has recently slowed down. If these two channels resume growth, market momentum may resurface.
4. In the past 6 months, short-term whales (mainly ETFs) are close to breakeven. Long-term whales have gained about 53%. Historically, the market has shown clear four-year cyclical fluctuations, with retail investors and whale investors accumulating and distributing. It is now more difficult to predict where and to what extent new liquidity will flow in, making it unlikely for Bitcoin to follow the same cyclical pattern again.
5. The average cost of a Bitcoin wallet is $55,900, implying an average profit of about 93% for holders. Realized market value continues to rise (increased by $8 billion this week), indicating that on-chain fund inflows remain strong. The price increase is not due to selling pressure but rather due to weak demand.
You may also like
Ten Thousand Words Interpretation of STRC: Strategy for Making Money to Buy Coins New Magic
What competitive advantages are still defensible in the AI era?
For Whom the Bell Tolls, For Whom the Lobster Feeds? A Dark Forest Survival Guide for the 2026 Agent Player
Circle CEO's Latest Interview: Stablecoins Are Not Cryptocurrency
Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?
a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge
Why did the star Web3 project Across Protocol choose to abandon DAO?
In fact, ETH scaling is a major benefit for L2
Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
The Cryptographic Past of the Middle East
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
App