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CryptoQuant CEO Ki Young Ju has declared the Bitcoin cycle theory ‘dead,’ apologizing for his earlier bearish predictions. He attributes this shift to institutional investors reshaping the market dynamics, rendering traditional trading strategies obsolete.
- Institutional investors and ETFs are now the dominant force in Bitcoin's market, replacing retail-driven cycles.
- Retail selling has surged on platforms like Binance, while whales and institutions accumulate BTC for long-term holding.
- Debate persists among analysts, with some like CryptoCon still believing in Bitcoin's four-year halving cycle.
📎 Related coverage from: cryptopotato.com