CryptoQuant CEO: Bitcoin Cycle Theory has Become Outdated, Rise of Institutional Long-Term Holders
BlockBeats News, July 25th, CryptoQuant Founder and CEO Ki Young Ju stated in a post on X platform that the "Bitcoin cycle theory has failed. My previous predictions were based on this theory—buy when whales start accumulating, sell when retail investors start entering. But this pattern is no longer valid."
"In the previous cycle, whales sold coins to retail investors. However, this time, old whales sold coins to new long-term holders. The scale of institutional investment far exceeded our expectations. Trading has become meaningless, and now the number of holders has surpassed the number of traders. I overlooked this structural change when making the call for the end of the bull market."
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
「Buddy」 Enters Swing Trading Mode, Engaging in Ethereum Buy High, Sell Low Strategy and HYPE Longs
BlackRock Address Received 16,629 ETH and 300 BTC in the Last 10 Minutes
OpenSea's CMO Denies Alleged Coinbase Leak of OpenSea ICO Information
An entity has claimed 20% of the IRYS airdrop through a cluster of 900 wallets, and has already sold $4 million worth.
Solana Ecosystem Meme Coin WOJAK Market Cap Surpasses $60 Million Briefly, Surging Over 38% in 24 Hours
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]