CryptoQuant CEO Ki Young Ju Says Bitcoin (BTC) Fund Flows Echo Past Bull Cycles
Key Takeaways
- •CryptoQuant CEO Ki Young Ju assessed that current Bitcoin fund flows resemble patterns recorded during past bull market cycles.
- •CryptoQuant, which Ju founded in 2018, tracks capital movement using blockchain data including exchange inflows, outflows, and miner activity.
- •Fund-flow indicators describe on-chain activity rather than forecast prices, and their basis in public blockchain records allows independent review as new data accumulates.
- •The COINOTAG feed also carried what the outlet described as a longer-horizon custody warning from Muneeb Ali, co-founder of Stacks, speaking at Token2049 in Singapore.
- •Ali co-created Stacks, a network enabling Bitcoin-secured smart contracts, and serves as CEO of Trust Machines, which builds applications on Bitcoin layers.
Bitcoin (BTC) fund flows are tracing a pattern that echoes previous bull market cycles, according to Ki Young Ju, co-founder and chief executive officer of on-chain analytics firm CryptoQuant. The observation was carried in a COINOTAG report dated October 25, 2026.
Ju founded CryptoQuant in 2018 and is among the most widely followed on-chain analysts in the cryptocurrency industry. His firm aggregates blockchain data — including exchange inflows and outflows and miner activity — to track how capital moves through crypto markets. Fund-flow indicators of this kind are used by researchers to place current market behavior in the context of earlier cycles; they describe on-chain activity rather than forecast prices.
Per the report, Ju's assessment points to similarities between present-day BTC fund-flow behavior and the patterns recorded during past bull markets. Cycle comparisons are a long-running staple of crypto market research, and because they rest on public blockchain records, the flows in question can be independently reviewed as new on-chain data accumulates.
The same COINOTAG feed, updated through timestamped entries at 21:47 UTC and 22:01 UTC, also relayed what the outlet described as a second, longer-horizon custody warning. The warning came from Muneeb Ali, co-founder of Stacks, who was speaking at the Token2049 event in Singapore. Custody — whether bitcoin holdings sit on exchanges, with professional custodians, or in self-custodied wallets — is a perennial industry debate, since whoever controls the private keys can move the funds. The cited entries relayed the warning in summary form rather than quoting Ali's full remarks.
Ali is best known as the co-creator of Stacks (formerly Blockstack), a network that enables smart contracts and decentralized applications secured by Bitcoin, and he serves as chief executive officer of Trust Machines, a company building applications on Bitcoin layers. Token2049 is a major international cryptocurrency conference, with flagship editions held annually in Singapore and Dubai.
This article is based on reporting first published by COINOTAG: CryptoQuant CEO Ki Young Ju Says Bitcoin (BTC) Fund Flows Echo Past Bull Cycles
