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Ki Young Ju, the CEO of blockchain analytics platform CryptoQuant, has declared that the Bitcoin bull cycle is over. Notably, the premier cryptocurrency has struggled to establish a sustained uptrend since hitting a new all-time high of around $109,000 in January, causing doubts about the viability of the current bull run.

Bitcoin’s Unresponsive Price Points To Bear Market Onset

In an X post on April 5, Ki Young Ju shared an interesting theory on why Bitcoin may have concluded its current bull run. The prominent crypto figure has based this postulation on on-chain data concepts around the Realized Cap and the Market Cap. 

Young Ju describes the Realized Cap as the total capital that flows into the BTC market as revealed by actual on-chain activity. The Realized cap reveals a more accurate measurement of the BTC network by summing the price at which each coin last moved.

On the other hand, the Market Cap provides a BTC network valuation based on the latest exchange trading prices. The CryptoQuant CEO explains that market cap/prices do not increase or decrease in proportion to transaction sizes based on common misconceptions but in response to the balance between buying and selling pressure.

Young Ju states that amidst low sell pressure, a small buy can cause a rise in price and market cap. On the other hand, large Bitcoin purchases during high sell pressure can fail to effect a positive price reaction as the market consists of a high number of sellers.

Looking at both concepts, it is understood that Realized Cap measures the capital inflows into the BTC market while Market Cap indicates price reaction to these inflows. Therefore, the CryptoQuant boss explains that a rise in Realized Cap, while Market Cap declines or remains unchanged, presents a classic bearish signal as prices are failing to respond positively despite new investments. 

Alternatively, a stagnant Realized Cap accompanied by an increased Market Cap is a bullish signal that reflects the low level of sellers; thus any small amount of new capital can induce substantial price gains. 

Ki Young Ju states the former situation is currently playing out in the Bitcoin market with prices failing to rise inflow as indicated by on-chain data in exchange transactions, ETF markets, and custodial wallets activity. This development suggests the presence of a bear market. While Young Ju states that the current sell pressure could wane at any time, historical data supports a reversal period of at least six months.

Bitcoin Price Overview

At press time, Bitcoin was trading at $83,700 reflecting a decline of 0.94% in the past day. 

Featured image from TheStreet, chart from Tradingview

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Today is the 50th birthday of Bitcoin’s enigmatic inventor, Satoshi Nakamoto. After all these years, nobody has a clue who he actually is. But his creation, Bitcoin, has revolutionized the world of finance in a huge way.

Since its introduction in 2009, Bitcoin has evolved from a tech test to one of the most popular digital currencies around. Its decentralized nature has raised serious discussions about the future of money and if traditional banking might one day become obsolete.

Satoshi Nakamoto Birthday: Why April 5 Matters

According to his old P2P Foundation profile, Satoshi Nakamoto’s birthday is listed as April 5, 1975—a date that might hold more symbolic weight than actual truth. What makes April 5 stand out? It’s the same day in 1933 when President Franklin D. Roosevelt signed Executive Order 6102, compelling Americans to surrender their gold to the government.

That moment marked a major transfer of financial power from individuals to the state—a stark contrast to Bitcoin’s core philosophy. Many believe Nakamoto chose this date on purpose, as a subtle nod to decentralization and a quiet rebellion against monetary control.

Bitcoin appears to be in contrast to that level of control. It’s decentralized, and its own supply is limited to 21 million coins. Many feel that Satoshi chose April 5 as a gesture of a departure from government-controlled money and towards financial freedom.

Big Names Are Now Backing Bitcoin

Bitcoin is no longer only for tech enthusiasts. Large corporations and institutions are now joining the bandwagon. Strategy (formerly MicroStrategy), for instance, owns more than 500,000 Bitcoin, valued in billions. Michael Saylor, Strategy’s executive chairman and co-founder, has been a strong supporter, frequently referring to Bitcoin as a “safer and more powerful store of value” than the US dollar.

Source: Gemini Imagen

Even BlackRock, the biggest asset manager globally, is interested. CEO Larry Fink just stated that Bitcoin could rival the dollar. He cited the increased US debt and inflation as reasons more individuals may flock to Bitcoin.

A Hedge In Uncertain Times

As inflation concerns grow, increasing numbers of individuals are turning to Bitcoin as a means of safeguarding their funds. In contrast to traditional currencies, which can be printed by governments without limit, Bitcoin is capped. This has prompted some to liken it to gold.

Would Bitcoin Replace The Dollar?

As Bitcoin continues to appreciate in value and popularity — an as the mystery surrounding Satoshi Nakamoto deepens – there is increasingly much being said about its place in the future world economy.

Some even believe it might dethrone the US dollar as the world’s currency of choice. That’s still a huge “maybe,” though. Supporters of Bitcoin, however, claim its decentralized nature and inherent scarcity make it a serious contender to be a long-term player in the financial world.

Featured image from Gemini Imagen, chart from TradingView

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The Lomond School in Scotland has become the first academic institution in the United Kingdom to accept tuition payments in Bitcoin (BTC) representing a major step in crypto mainstream adoption.

Bitcoin Represents Independence And Innovation, Lomond Says

In a recent blog post, Lomond School announced the inclusion of BTC as a payment option for tuition fees.  The management of the British school explains that this decision was driven by multiple factors including Bitcoin’s alignment with independent thinking and innovation which are part of the school’s core ethos.

Lomond describes Bitcoin as a decentralized asset with no central authority and is easily accessible and transferable, thus reflecting important principles such as democracy and inclusion. 

A statement by the school reads:

… Bitcoin is available to anyone willing to learn—making it more democratic and inclusive, particularly for people in developing nations who lack access to traditional banking. Lomond sees Bitcoin as a perfect real-world case study in economics, computing, ethics, and innovation.

The Scottish school further states that the adoption of BTC as a payment alternative is also driven by significant demand from local parents and international agents, showcasing the rising global acceptance of cryptocurrencies as viable financial assets.

However, Lomond has stated the school will only deal with Bitcoin at the moment which has distinguished itself from other cryptocurrencies in terms of “security, scarcity, transparency and resilience.”

Lomond: Bitcoin Treasury Is Feasible

To assuage customer fears about blockchain security, Lomond has stated that these BTC payments will be received by regulated and KYC-compliant partners — Musket and CoinCorner, on behalf of the school. However, despite this crypto-friendly approach, Lomond has stated that all Bitcoin received will be immediately converted to the Great Britain Pounds (GBP) to avoid dealing with the crypto market volatility. 

Nevertheless, there is the possibility of establishing a BTC Treasury in the advent of significant support from the school community. 

Lomond says: 

The (Bitcoin) treasury is a phased goal, not an immediate change, and it depends entirely on community support and the school’s ability to responsibly “stack sats” over time.

While Lomond may be the first British school to dabble into Bitcoin payments, academic institutions in other countries have long explored the use of the premier cryptocurrency. Some of these schools include Wharton College in the University of Pennsylvania, King’s College in New York, and major universities in El Salvador among others. Meanwhile, other academic institutions such as the University of Wyoming have developed ample resources to conduct peer-reviewed research on the “digital gold.”

At the time of writing, BTC continues to trade at $83,230 after a 3.65% price gain in the last 24 hours.

Featured image from Pexels, chart from tradingview

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