- Ki Young Ju, CEO of CryptoQuant, said that U.S. CNBC host Jim Cramer forecast a bear market for Bitcoin.
- Market participants said that some interpret Cramer's bearish outlook as a contrarian signal, while others raise calls for caution.
- They said the remark illustrated that Bitcoin market sentiment is currently split on direction.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Claims have emerged that U.S. CNBC host Jim Cramer forecast a bear market for Bitcoin (BTC). The remarks have once again drawn attention among participants in the virtual asset (cryptocurrency) market.
On the 25th (local time), Ki Young Ju, CEO of CryptoQuant, wrote on his X (formerly Twitter) that "Jim Cramer mentioned a Bitcoin bear market." The specific broadcast remarks were not disclosed, but it was explained that Cramer's market outlook itself became a topic of discussion.
Jim Cramer is the host of CNBC's 'Mad Money' and is an influential figure in the stock market. However, instances where Cramer's outlook later unfolded contrary to the market trend have been repeated, and in stock and virtual asset communities he has been called a so-called 'contrarian indicator' or 'human indicator.'
In the virtual asset market, Cramer's remarks have often been interpreted as a contrarian signal. In the past, there have been cases shared where an optimistic comment about Bitcoin and major tech stocks was followed by a correction, or where a pessimistic outlook was followed by a rebound.
This remark also coincides with Bitcoin's short-term flow, and market participants' interpretations are divided. Some take Cramer's bearish outlook itself as a contrarian signal, while others raise caution that macro conditions and liquidity should also be considered.
Ki Young Ju relayed Cramer's remarks without adding a separate market outlook. However, the mention is interpreted as an example showing that Bitcoin market sentiment is still divided over direction.
