Bitcoin will return to $100,000, K predicts a historic bull market

CryptoQuant CEO Ki Yang Ju has predicted that the ongoing Bitcoin bull market could be the longest in cryptocurrency history.

Bitcoin (BTC) rose to optimism after hitting the $100,000 mark on Tuesday, bringing its total market capitalization close to $3.6 trillion.

The Bitcoin bull market is about to be extended, says Ki Yang Ju

In his post, Ki Young Joo highlights the critical role of liquidity in sustaining the upward momentum of digital assets.

“This Bitcoin bull cycle may be the longest ever. New sources of liquidity are constantly fueling the market, and more are waiting to be discovered,” he said.

The crypto community largely echoed Ki Yang Joo's sentiment, with many experts predicting further market growth. DeFi, a leading voice in decentralized finance, issued a cautious yet optimistic statement to the investor.

“I can't believe this bull market is over yet. But please don't fall for the supercycle trap. Too many people lost millions last cycle because of greed,” he warned in a separate X post.

This suggests that while opportunities abound, prudent risk management remains important for investors. Adding fuel to the optimism, crypto influencer Lark Davis, also known as The Crypto Lark, believes the market has significantly increased.

“The next leg of the bull market is about to begin. This is the leg where they get to have fun and melt faces,” Davis said.

Davis' enthusiasm keeps expectations high as the market braces for the next phase of growth. However, not all experts share this unbridled optimism. Arthur Hayes, co-founder of BitMEX, offers a more bullish view. BeinCrypto reports that Hayes predicts the crypto market will peak in mid-March 2025, followed by a sharp correction.

“The question I set out to answer is whether positive dollar liquidity pressure can reduce frustration over the pace of execution and the impact of Trump's pro-crypto and pro-trade policies,” Hayes wrote in the essay.

Hayes' statement followed an analysis of the interaction between market liquidity and political developments. He stated that the liquidity of the US dollar is important as it is the key driver of the crypto market, and pointed out that changes in the Federal Reserve policy and the operations of the US Treasury can create short-term volatility.

According to Hayes, a $57 billion net injection of liquidity in the first quarter could temporarily keep the bull market at bay before broader economic pressures lead to a correction.

Although there are different views, the common thread among these market experts is that they recognize liquidity as the cornerstone of the cryptocurrency market's direction. While Ju and Davis see an extended bull run with significant results, Hayes' careful analysis suggests a more volatile path ahead. However, traders and investors should carefully plan for optimism and do their own research.

As of press time, BTC was trading at $101,784, according to BeInCrypto data. This represents a modest increase of nearly 3% since the open of Tuesday's session.