Bitcoin set for a slower bull market as $10,000 slump would require extreme shock, CryptoQuant CEO says

Bitcoin has entered a slower bull market after an August capitulation, with growing institutional and long-term ownership expected to temper the sharp swings seen in earlier cycles. In a Cointelegraph interview on October 21, CryptoQuant founder and CEO Ki Young Ju said he believed Bitcoin’s bear market had ended in August. He described the next phase as a gradual advance rather than a parabolic rally. Ju pointed to positive net demand in both spot and perpetual futures markets since August 20, a trend he said had held for about two months. It was the first sustained period of positive demand across both markets since the October 2025 peak, he said.

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