Bitcoin’s market behavior is sparking significant interest among investors, with current trends suggesting an extended bull cycle. The release of the U.S. CPI, which came in softer than expected at 0.3% for April, has boosted investor confidence. This news surged the price of Bitcoin to $67K, reflecting a 7% increase.

Meanwhile, Ki Young Ju, CEO of CryptoQuant, notes that Bitcoin’s market cap is outpacing its realized cap growth. Historically, this indicates a strong bullish phase. Ju predicts that this bullish phase could potentially extend until April 2025.

Bull Run Has Began

In a recent tweet, Ki Young Ju highlighted that Bitcoin’s market cap is growing faster than its realized capitalization. This realized cap, representing the value of all Bitcoin based on their last transaction prices, provides a clear view of the market’s economic activity.

Historically, when market cap growth outpaces realized cap growth, it signals strong market momentum typical of bull cycles. This observation is grounded in historical patterns of Bitcoin’s market behavior. 

During previous bull cycles, similar trends have been noted, where market cap growth surpasses realized cap growth, indicating strong market momentum and investor confidence. If this pattern holds true, it suggests that the current bull run, already in progress, may continue for another year and a half.

End Of Bull Run

Given that the current trend has already begun, Ki predicts that this bull cycle could end by April 2025 if the pattern continues. However, this timeline provides a rough estimate for investors and market watchers to consider, as they strategize their investments and prepare for potential market shifts.