CryptoQuant CEO: In this round of the bull market, Bitcoin is expected to increase by 3-5 times, followed by a relatively mild bear market

CryptoQuant CEO Ki Young Ju posted on the X platform that this round of the Bitcoin bull market will bring a 3-5 times increase, rather than another round of parabolic surge exceeding 10 times, followed by a milder bear market.

Ki Young Ju pointed out that in this cycle, the MVRV has never fallen below 1. Even at the lows, BTC has remained above the average on-chain cost basis for holders. Some investors have incurred losses, but overall holders have never fallen into a loss.