[Opinion] CryptoQuant CEO: This Bull Cycle, Bitcoin Expected to Rise 3-5x, Followed by a Milder Bear Market Ki Young Ju, CEO of CryptoQuant, recently posted on social media that this Bitcoin bull cycle is expected to deliver a 3-5x gain, rather than another parabolic surge exceeding 10x, followed by a milder bear market. He noted that during this cycle, the MVRV ratio has never fallen below 1. Even at its lowest points, BTC remained above the average on-chain cost basis of holders. While some investors incurred losses, the overall holder base never entered a net loss position. MyToken Note: MVRV (Market Value to Realized Value Ratio) is a key metric that measures Bitcoin’s current price relative to the average cost basis of all holders, reflecting the overall market’s profit/loss status. When MVRV > 1, the current price exceeds the average cost, indicating the market is generally profitable; when MVRV < 1, the price has fallen below the cost basis, signaling a loss zone with potential undervaluation. Source: BlockBeats