Bitcoin Bear Market May Extend into Early 2027, Predicts CryptoQuant CEO

CryptoQuant CEO Ki Young Ju has made a prediction that Bitcoin's bear market could extend into early 2027, based on investor profitability data. According to the PnL Index Signal, which tracks investor profitability cycles, an 18-month period of falling profits is typical of past bear markets in 2014, 2018, and 2022.

The signal began declining in October 2025, indicating a potential prolonged bear market. A true market reversal requires unrealized profits to rise while realized profits fall, but this pattern has not yet been observed.

Recovery from the current bear market will depend on renewed inflows from Bitcoin ETFs and institutional buying. However, the current price action near $73,000 shows resistance and ongoing selling pressure amid macroeconomic challenges.