Bitcoin’s Next Cycle Looks Tamer: 3-5x Gains Expected Instead of 10x

CryptoQuant CEO Ki Young Ju predicts the coming Bitcoin bull run will lack the drama of past cycles. He sees a maximum threefold to fivefold increase rather than another parabolic surge that multiplies the price ten times or more.

The shift stems from a much larger market and heavier institutional participation. Retail-driven swings that once produced 80 % moves in either direction are being smoothed out by bigger, steadier capital flows.

Supporting data includes the PnL index showing milder extremes and the MVRV ratio staying above one throughout the cycle. Realized capitalization is rising, long-term holders have stopped selling, and large futures positions are tilted bullish.

The result is a Bitcoin edging closer to the stable medium-of-exchange Satoshi Nakamoto originally described—an asset attractive to patient money rather than speculative hot flows.

Based on information from https://cryptonews.net