CryptoQuant Founder: The Bitcoin Market Structure Has Undergone Fundamental Changes, and the Market Is in a Transition Phase

ChainCatcher news, CryptoQuant founder Ki Young Ju pointed out that the Bitcoin market has shifted from a traditional whale and retail-dominated model to a more diversified structure. The participation of institutional investors such as ETFs and MicroStrategy, as well as government agencies, may render traditional market cycle theories no longer applicable. New sources of liquidity are changing market dynamics, and institutional capital inflows may offset the pressure from whale sell-offs. It is emphasized that the current market is in a transitional phase of absorbing new liquidity.