Ki Yang Ju: For now, abandon the theory of Bitcoin cycles

According to Ki Yang Joo, selling pressure on the asset is gradually weakening, while capital inflow from large financial market participants continues through spot exchange Bitcoin funds:

"It's time to abandon the old cycle theory. It's much more important now to track the volume of new liquidity from funds and institutional investors. However, the market still remains in a borderline state, and many metrics are hanging on the edge."

Earlier, the industry was much simpler and included large holders, miners, and retail investors. The cycles were distinct and ended with mass sell-offs when major players exited their positions, says the CEO of CryptoQuant.

Now the market has changed dramatically, with the emergence of government structures, investment companies, and exchange-traded funds. Capital movement scenarios have become much more unpredictable, said the analyst.

According to Yang Zhu, the bitcoin market is merging with traditional finance (TradFi) — this changes the logic of price movement and the main influencing factors. An erroneous forecast does not negate the value of on-chain data — the data remains important, but specialists may draw different conclusions, explained the head of CryptoQuant.

Previously, experts from K33 Research stated that over the year, the Bitcoin market will be subject to a large number of positive catalysts driven by the actions of U.S. President Donald Trump's administration.