Bitcoin Reaches $100,000 Barrier, CryptoQuant CEO Changes Stance

CryptoQuant CEO Ki Young Ju has shifted his bearish Bitcoin outlook after the cryptocurrency broke through the crucial $100,000 mark in May 2025. The move reflects a significant change in market dynamics driven by institutional investment and the emergence of regulated exchange-traded funds (ETFs). Previously, Ju’s predictions for a bearish cycle had been widely anticipated, but now he points to the strong presence of institutional demand as key drivers behind this shift.