CryptoQuant CEO: Bitcoin is currently in the middle of the current bull cycle

Ki Young Ju, CEO of CryptoQuant, stated in a post that Bitcoin is currently in the middle of the current bull market cycle. He outlined a chart that shows Bitcoin's actual market value "growing faster than its realized value," which is a variant of market value that values it based on the last movement price of each UTXO. This trend typically lasts for two years, meaning that the ongoing bull market will end in around 11 months.