Bitcoin Bear Market May Persist Until Early 2027 According to CryptoQuant CEO

CryptoQuant CEO Ki Young Ju's recent warning about the potential duration of the Bitcoin bear market has sparked interest among investors and analysts. According to Ju's analysis, the current downturn may persist until early 2027, based on an 18-month cycle theory that has been observed in multiple market cycles.

The key to this theory is the relationship between unrealized and realized profits. After significant profit-taking by investors, the market typically enters a prolonged period of declining returns, which can last for approximately 18 months. Ju dates the current bearish turn from October 2025, suggesting that the bear market could continue for another year.

The trend reversal occurs when unrealized profits increase while realized profits decrease, but this condition has not yet been met. Investors should monitor the interplay between these two metrics as a potential signal for a trend change. For long-term Bitcoin holders and traders, Ju's analysis underscores the importance of on-chain metrics in understanding market cycles.