CryptoQuant Founder: The Bitcoin Cycle Theory is No Longer Applicable

ChainCatcher news, CryptoQuant founder Ki Young Ju stated that the theory of "buying when whales accumulate and selling when retail investors enter" is no longer applicable.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 has surpassed that of traders.

Ki Young Ju apologized for the previous misjudgment of the "end of the bull market cycle" and stated that he will be more cautious in the future, focusing on data-driven analysis.