CryptoQuant Founder Predicts Crypto Bear Market Could Extend to Early 2027 Based on 18-Month PnL Cycle

According to CryptoQuant founder and CEO Ki Young Ju, the crypto bear market could extend through early 2027 based on a typical 18-month investor profit-and-loss (PnL) cycle. Speaking on social media, Young Ju noted that the cycle began turning negative in October 2025, and the downtrend typically lasts approximately 18 months from that inflection point. He stated that a true reversal would require unrealized profits to rise again and realized profits to decline, conditions he says have not yet materialized.
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