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Newton Gitonga

CryptoQuant: Bitcoin Bear Phase May Persist Into Early 2027 as Whale Buying Cools

Bitcoin traded mostly flat on Saturday after sliding to about $72,642 on Thursday, then hovering near $73,000—around 11% below its $83,000 peak. CryptoQuant founder Ki Young Ju said on Friday that on-chain conditions still resemble a bearish structure and, based on prior PnL drawdown patterns, the cycle could remain pressured until early 2027. Data cited in the report also points to slowing accumulation among whales and “dolphins,” alongside softer spot activity and weaker inflows into exchange-traded Bitcoin products.
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