CryptoQuant Founder: Bear Market Over, New Bull Cycle Begins

August 20 news, CryptoQuant founder Ki Young Ju stated in a post, "Since Bitcoin's all-time high in October 2025, demand in spot and perpetual futures has turned positive for the first time. Although the scale is still modest, if this persists for a month, it would be reasonable to conclude that the bear market has ended and a new bull cycle has begun."