Ki Young Ju stated that he expects the current Bitcoin bull market to achieve a 3 to 5-fold increase, rather than the parabolic surges of 10x or more commonly seen in previous retail-driven, low-liquidity cycles. He also anticipates that the subsequent bear market will be significantly milder. He pointed out that increased institutional holdings and expanded market capitalization are structurally dampening volatility at both ends. On-chain indicators show that the MVRV has never fallen below 1 in this cycle, the realized cap has climbed with new capital inflows, early "OG" whales have stopped distributing, futures whales have actively built long positions at cycle lows, and CryptoQuant's PnL Index 365-day moving average is showing a meaningful inflection point.