# Bitcoin Bull Market Slows

> CryptoQuant CEO says $10,000 slump would need extreme shock.
- Title: Bitcoin Bull Market Slows · TokenPost | Shortify
- Summary: CryptoQuant CEO says $10,000 slump would need extreme shock. Bitcoin's bull market is slowing as CryptoQuant CEO Ki Young Ju warns a $10,000 drop would…
- Keywords: bitcoin, cryptoquant, ki young ju, bull market, institutional ownership, mvrv ratio, crypto, finance, Bull, Market, Slows, TokenPost
- Source: TokenPost — https://tokenpost.com/news/investing/36786
- Published: 2026-10-21T15:20:43+00:00
- Read time: 1 min
- Topics: bitcoin, cryptoquant, ki young ju, bull market, institutional ownership, mvrv ratio, crypto, finance
## Bitcoin enters slower bull market
Bitcoin has entered a slower bull market after an August capitulation with growing institutional and long-term ownership expected to temper sharp swings.
## CryptoQuant CEO Ki Young Ju
CryptoQuant founder and CEO Ki Young Ju said Bitcoin’s bear market ended in August with a gradual advance expected rather than a parabolic rally.
## Positive net demand since August 20
Ju pointed to positive net demand in both spot and perpetual futures markets since August 20, a trend holding for about two months.
## MVRV ratio above 1
Ju put Bitcoin’s aggregate cost basis at $54,000 compared with a market price of $80,000, leaving the market-value-to-realized-value ratio above 1.
## Challenging $10,000 downside scenario
Ju challenged Bloomberg analyst Mike McGlone’s $10,000 downside scenario, saying it would leave holders facing an average unrealized loss of about 80%.
## Extreme shock required for $10,000 drop
Ju said a catastrophic event like a world war or major Bitcoin security flaw could make that outcome possible, but it would require extreme shock.
## Key takeaway

Bitcoin's bull market is slowing as CryptoQuant CEO Ki Young Ju warns a $10,000 drop would require extreme shock to occur.