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CryptoQuant Founder: The Bitcoin Cycle Theory is No Longer Applicable
ChainCatcher news, CryptoQuant founder Ki Young Ju stated that the theory of the cycle in which Bitcoin is “bought when whales accumulate and sold when retail investors enter” is no longer applicable. In previous cycles, whales would sell their chips to retail investors, but now it is old whales selling to new long-term whales, with institutional participation far exceeding expectations, and the number of holders surpassing that of traders. Ki Young Ju apologized for the previous misjudgment regarding the “end of the bull market cycle” and stated that he will be more cautious in the future, focusing on data-driven analysis.