CryptoQuant’s head chief says Bitcoin’s bull market could already be over — changing his stance from earlier in the month when he said the Bitcoin bull cycle will be slow but “is still intact.”

“Bitcoin bull cycle is over, expecting 6-12 months of bearish or sideways price action,” CryptoQuant founder and CEO Ki Young Ju said in a March 17 X post.

All signals are currently bearish, says Ju

Ju said that all Bitcoin (BTC) onchain metrics indicate a bear market. “With fresh liquidity drying up, new whales are selling Bitcoin at lower prices,” Ju said. 

It comes only days after Cointelegraph reported that Bitcoin funding rates, which reflect the cost of holding long or short positions in crypto futures, are hovering close to 0%, indicating increasing indecisiveness among traders.

Ju’s claim is in stark contrast to his March 4 post, where he said the Bitcoin bull cycle will remain slow but “is still intact,” pointing to neutral readings on key indicators.

“Fundamentals remain strong, with more mining rigs coming online,” Ju said in a March 4 X post.

Other analysts aren’t as bearish. Swyftx lead analyst Pav Hundal told Cointelegraph that “there is no reason to panic.”

Hundal explained that while investors are “spooked” by US President Donald Trump’s tariffs, “all the numbers show a global economy that is pointing in the right direction.”

“Money will move to on-risk assets when the market is ready to take on risk.”

At the time of publication, Bitcoin is trading at $83,030, down 14.79% over the past month, according to CoinMarketCap data.

Bitcoin is down 14.89% over the past month. Source: CoinMarketCap

Some analysts think that given that the global M2 money supply has just reached new highs, Bitcoin could be set for an uptrend.

“I’m saying Global Money Supply just made another new ATH. We are about to see Bitcoin rally again,” crypto analyst Seth said in a recent X post.

Likewise, CoinRoutes CEO Dave Weisberger said that if the historical trend persists, Bitcoin could reach all-time highs by late April.

“Expect Bitcoin to hit a new ATH within a month if its BETA correlation to money supply holds,” Weisberger said in a March 17 X post.

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However, based on historical data, Bitcoin’s current price is 67% lower than the lower bound should be, according to former Phunware CEO Alan Knitowski.

“At this stage of the cycle, the lower bound of the historical range should be around $250,000,” Knitowski said in a March 17 X post.

Source: Alan Knitowski

Swan Bitcoin CEO Cory Klippsten recently told Cointelegraph that “there’s more than a 50% chance we will see all-time highs before the end of June this year.” Bitcoin’s current all-time high of $109,000 was reached on Jan. 20, just hours before Trump was inaugurated as US President.

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This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Canary Capital has filed its sixth proposed crypto exchange-traded fund (ETF) with US regulators, this time for one tracking the spot price of the crypto token Sui.

In a March 17 Form S-1 filing to the Securities and Exchange Commission, the crypto investment firm requested to list the Canary SUI ETF, which didn’t include information on what exchange it would trade on or the proposed ticker symbol.

The ETF would directly hold Sui (SUI), the native token of the layer-1 blockchain used for fees and staking, which is the 23rd largest cryptocurrency with a market value of around $7.36 billion, per CoinGekco.

Sui is trading up 1.3% over the last day to $2.31 and has gained 7.3% over the week. It has, however, fallen 56.5% from its Jan. 5 all-time peak of $5.35.

Sui’s price over the last 24 hours hit a high of $2.38 but has since slightly fallen. Source: CoinGekco

Canary had registered a trust in Delaware on March 6 for the fund, and it must also file a Form 19b-4 with the SEC before the agency can consider whether to list it for trading.

Canary’s Sui filing is its sixth crypto ETF bid with the SEC. In the past few months, it filed for ETFs tracking Solana (SOL), Litecoin (LTC), XRP (XRP), Hedera (HBAR) and Axelar (AXL).

The filing comes after Sui said on March 6 that it partnered with World Liberty Financial, the crypto platform backed by US President Donald Trump.

Part of the partnership saw World Liberty include the Sui token in its so-called “Macro Strategy” token reserve and explore further product opportunities together.

Related: Hashdex amends S-1 for crypto index ETF, adds seven altcoins

Trump has promised to relax regulatory enforcement against crypto, which has sparked a flurry of crypto ETF filings amid optimism that the SEC under his administration will move to greenlight them.

The SEC has delayed making decisions on multiple crypto ETF filings, but Commissioner Hester Peirce said last month that the agency would wait until the Senate confirms Trump’s pick to chair the SEC, Paul Atkins, before deciding on an agenda for crypto.

A Senate confirmation hearing for Atkins is reportedly slated for March 27, having been delayed due to issues with financial disclosures.

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Tech giant Microsoft has discovered a new remote access trojan (RAT) that targets crypto held in 20 cryptocurrency wallet extensions for the Google Chrome browser. 

Microsoft’s Incident Response Team said in a March 17 blog post that it first discovered the malware StilachiRAT last November and found it can steal information such as credentials stored in the browser, digital wallet information and data stored in the clipboard. 

After deployment, the bad actors can use StilachiRAT to siphon crypto wallet data by scanning device settings to see if any of the 20 crypto wallet extensions are installed, including Coinbase Wallet, Trust Wallet, MetaMask and OKX Wallet. 

The malware StilachiRAT can target crypto held in 20 different wallet extensions. Source: Microsoft

“Analysis of the StilachiRAT’s WWStartupCtrl64.dll module that contains the RAT capabilities revealed the use of various methods to steal information from the target system,” Microsoft said. 

Among its other capabilities, the malware can extract credentials saved in the Google Chrome local state file and monitor clipboard activity for sensitive information like passwords and crypto keys. 

It can also use detection evasion and anti-forensics features, like the ability to clear event logs and check for signs it’s running in a sandbox to block analysis attempts, according to Microsoft.

At the moment, the tech giant says it can’t pinpoint who is behind the malware but hopes that publicly sharing information will lower the number of people who might be snared. 

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“Based on Microsoft’s current visibility, the malware does not exhibit widespread distribution at this time,” Microsoft said. 

“However, due to its stealth capabilities and the rapid changes within the malware ecosystem, we are sharing these findings as part of our ongoing efforts to monitor, analyze, and report on the evolving threat landscape.”

Microsoft suggests to avoid falling prey to malware; users should have antivirus software, cloud-based anti-phishing and anti-malware components on their devices. 

Losses to crypto scams, exploits and hacks totaled nearly $1.53 billion in February, with the $1.4 billion Bybit hack accounting for the lion’s share of losses, according to blockchain security firm CertiK.

Blockchain analytics firm Chainalysis said in its 2025 Crypto Crime Report that crypto crime has entered a professionalized era dominated by AI-driven scams, stablecoin laundering, and efficient cyber syndicates, with the past year witnessing $51 billion in illicit transaction volume. 

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