CryptoQuant CEO: Bitcoin expected to rise 3-5x in this bull market, followed by a milder bear market.

BlockBeats news, October 3rd, CryptoQuant CEO Ki Young Ju recently posted on social media stating that this Bitcoin bull market will bring a 3–5x increase, rather than another parabolic surge of over 10x, followed by a milder bear market.

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