CryptoQuant CEO Predicts Bitcoin Bear Market Extends Through Q1 2027 at $73K

As of May 31, Bitcoin trades near $73,000 with CryptoQuant CEO Ki Young Ju forecasting the bear market could persist through Q1 2027. The outlook stems from an 18-month profit-taking cycle that began after the October 2025 downtrend, mirroring prior bear phases in 2014, 2018 and 2022. Warnings intensified on May 30 across multiple reports citing stalled whale accumulation and weakening on-chain PnL metrics. Earlier analysis on May 29 from Michaël van de Poppe highlighted the US-Iran conflict as the sole macro overhang, while counter-signals include the Bull-Bear Cycle Indicator turning green on May 12 and K33 research identifying the February $60,000 low as maximum drawdown. Additional pressure comes from BSTR’s Sean Bill predicting failure of most Bitcoin treasury companies.