🔵CryptoQuant CEO Ki Young Ju declared that the traditional Bitcoin cycle theory is no longer valid. He previously relied on the “buy when whales accumulate, sell when retail arrives” model. Now, old whales are selling to new long-term holders, and institutional adoption — from funds to ETFs — has fundamentally altered the market dynamics.
🔵Admitting previous forecasts were flawed, Ju noted the absence of retail euphoria, with “quiet” smart money dominating instead. This complicates risk management: familiar panic signals no longer align with bear phases, and forecasting now requires new metrics and updated models.