BlockBeats news, on October 3, CryptoQuant CEO Ki Young Ju recently posted on social media that this round of Bitcoin bull market will bring a 3-5 times increase, rather than another round of parabolic surges of more than 10 times, followed by a milder bear market.
Ki Young Ju pointed out that MVRV has never fallen below 1 this cycle. Even at its lows, BTC remains above the average on-chain cost basis for holders. Some investors suffered losses, but overall holders never fell into the red.