CryptoQuant Founder: Bitcoin Futures Premium Index Turns Positive for the First Time, Signaling the Start of a New Bull Market Cycle

BlockBeats News, August 20th, CryptoQuant founder Ki Young Ju stated, "Since Bitcoin hit an all-time high (ATH) in October 2025, for the first time, Bitcoin's demand has turned positive simultaneously in the spot and perpetual futures market.

The current scale of demand growth is still limited, but if this trend can continue for a month, it can be judged rationally that the previous bear market has ended, and a new bull market cycle has begun."