Not scored🔒 Preserved — not scoredPrediction

This will never resolve. No objective test could be drawn from the speaker's own words. It stays on the record as something said on a date, and is never counted for or against anyone.

Ki Young Ju: “#Bitcoin bull cycle is over — here's why.

#Bitcoin bull cycle is over — here's why.
No test — this claim will not resolve

No objective test could be drawn from the speaker's own words.

No objective test could be drawn from these words, so nothing can settle it. The statement is preserved and dated, and never counted for or against anyone. Thonest will not invent a threshold or a date that was never said — a claim scored against criteria written afterwards would prove nothing.

Quote verified against the source

Ki Young JuX (Twitter)Said Apr 5, 2025Captured Aug 19, 2026

See the original post on X

Closing paragraph of a long X post published April 5, 2025 in which the CryptoQuant CEO argued the Bitcoin bull cycle was over based on Realized Cap versus Market Cap divergence. Long post: X serves only a preview, so the platform corroborates the opening claim; the full thread text is preserved as submitted context. Ki Young Ju publicly retracted this call on 9 May 2025: "Two months ago, I said the bull cycle was over, but I was wrong." (x.com/ki_young_ju/status/1920738436887310582)

History — append-only

2026-08-19
Recorded · Recorded and locked from the original source

Proof

Evidence hash0x0ca16386…0a85ba
Source snapshot0x18673d02…6bf0da
Record fingerprint0x0ca16386ad1ff08a30427266dec98f2ce74c3a8a2f7b0d0ae57f50552b0a85ba
Proof path
2 hashes from this record to the anchored root
  1. 0x0ef3ece6c394842c33f57f574de197a96aff5e532093724eb745c142295241d0
  2. 0x8b2d8f4a469327aeeb36ba10eb15cd4e14a740ddb43757c3d86d859c299290b8
Merkle root0x2da0df7112e6de68b8db2062b00c4e39725319fce658a33932ca8acae49d0152
batch #8 manifest · 4 entries
Registry0x3d74d9e2f0f4c741fc49b34cc119b6db0cef47c0 · entry #7
the contract refuses any batch that doesn’t follow the previous one, and has no function to edit or delete one — including for us
Anchored onchainbase-mainnet · Aug 19, 2026
0x7142c062…05ad05 on block explorer
Quote checkThe quote appears in the platform's response, differing only in typography (curly quotes, dashes or spacing).
Posted by@ki_young_ju (Ki Young Ju)
reported by the platform itself, not by the submitter
Platform capture0x4bf7ee05ddbec6d61355a56feb665884e3077b042831ce485decf89d6cd6cdc7
view the raw response · the platform's own API response, kept verbatim and covered by the evidence hash

✓ The original record is immutable. Everything that happened afterward is in the history above — nothing is ever silently edited.

Verify this record yourself

The check runs in your browser and reads the anchored root straight from a public Base node — not from Thonest. How this works.

Disputes

No disputes have been filed. If something here is wrong — a misquote, a wrong date, a misattributed source — say so and it gets answered on the record. How disputes work.

Related

BitcoinCryptoQuantMicroStrategy (MSTR)Realized Cap vs Market Cap