Cryptoquant CEO Ki Young Ju told bitcoin holders that "some bullish Bitcoin opium is coming in the next few months," while warning the bottom may not be in yet. Bitcoin trades above $64,000, down roughly 11% for the year, and Ju has said the bear market could run into early 2027.
Ki Young Ju, founder and CEO of onchain analytics firm Cryptoquant, told bitcoin holders to expect relief soon but not immediately, posting on X that bullish bitcoin "opium" is coming in the next few months to ease their bear market pain. He urged patience, writing: "Just not yet. Hang in there."
Ju did not say what the coming relief would be, leaving followers to guess whether he meant a market catalyst, an onchain signal, or a simple bounce. Yet the message carried a warning as much as a promise: the bottom might not be in.
A relief rally, not a new cycle
The distinction matters. Ju has described bitcoin as stuck in a broad sideways range — neither strong enough to confirm a bull market nor weak enough to trigger the full capitulation that historically marks cycle bottoms. A dose of "opium" months from now, in his framing, would be a relief rally inside a bear market rather than the start of a new cycle.
He has also warned the downturn could run into early 2027, based on his view that once profit-taking cascades, investors' aggregate profit and loss typically declines for about 18 months. With the trend having turned in October 2025, that clock points to late 2026 or early 2027 before conditions genuinely reset.
Fragile bounce, possible catalysts
For now, bitcoin is changing hands above $64,000, down roughly 11% for the year, with recent Cryptoquant analysis calling the current bounce attempt fragile as sentiment stays deeply bearish. July seasonality and improving U.S. demand offer some support.
On the fundamentals, a new draft of the CLARITY Act could reach the Senate floor within weeks, and any resumption of spot bitcoin ETF inflows after months of outflows would qualify as fast-acting medicine. Ju's caution is that a genuine turn arrives only after the 18-month decline exhausts itself — relief rallies are real, tradable, and dangerous, because they tempt investors to mistake the painkiller for the cure.
Source: Bitcoin.com News
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