Bitcoin Bull Market Could Be the Longest Ever, Says CryptoQuant CEO

Bitcoin's current bull market could potentially turn out to be the longest in its history, according to CryptoQuant CEO Ki Young Ju.

In a tweet on Jan. 6, Ju predicted that this Bitcoin bull cycle “might turn out to be the longest ever.” He attributes this potential longevity to new liquidity sources steadily entering the market, with more expected to be unlocked.

Ju’s statement highlights growing confidence in Bitcoin’s resilience, driven by institutional adoption, rising retail interest, and expanded liquidity. This optimism is echoed by other market analysts, who point to increasing capital inflows as a key driver of market growth.

Joao Reginatto, Chief Strategy Officer at M^0, told The Defiant that the current Bitcoin bull market appears to be driven by the expansion of liquidity sources, which began with exchange-traded fund (ETF) approvals in the US in early 2024. Optimism over a new U.S. administration has further fueled this momentum, and markets are likely pricing in a more favorable outlook for 2025.

“For instance, some market participants expect national and state governments - including in the US, to move towards accumulating some quantum of Bitcoin reserves,” Reginatto explained. “This would add to the sources of liquidity we have seen to date. Corporate treasuries are also expected to increase their exposure to Bitcoin.”

With this shift, he added, it is expected that the US and other countries will soon pass market structure and stablecoin bills that add further clarity to the space, “creating an even more positive cycle from a liquidity point of view.”

Experts are Divided

A prominent crypto commentator with the handle @TheDeFinvestor echoed Ju’s view on X, but cautioned, “2025 is for selling. I don't believe that this bull market is over yet. But please don't fall for the supercycle trap. Too many people ended up losing millions last cycle due to greed.”

Meanwhile, Arthur Hayes, former CEO of BitMEX, predicted in a new essay that the crypto market will peak in mid-March 2025, “so this equates to a removal of $180 billion worth of liquidity due to quantitative tightening (QT) from January to March.”

Bitcoin Volatility

Ju’s remarks come on the heels of Bitcoin’s recent price surge, which saw the cryptocurrency break past $100,000 for the first time in weeks on Jan. 6 before quickly retracing to $96,700 today, according to CoinGecko. The total cryptocurrency market cap dropped by 7.3% in the past 24 hours to $3.54 trillion.

However, Bitcoin spot exchange-traded funds (ETFs) maintained positive momentum on Jan. 6 and 7, drawing nearly $2 billion in inflows over the two days. These are some of the highest single-day inflows on record, according to SoSoValue data.