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TODAY: CryptoQuant CEO Ki Young Ju declared the Bitcoin cycle theory "dead," admitting his whale-based Bitcoin Price Predictions failed.

Where he went wrong? He noted institutional adoption has far surpassed his expectations, the new regime is old whales selling to new long-term institutional holders.

I would also add Treasuries which is half the game IMHO

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Michael Cash

There will always be pullbacks, and cooling off periods. Other larger cycles exist, we just have to learn to look outside our crypto-bubble. RE cycles, Business cycles and Credit Cycles all exist and could affect the markets. The other notable is the hatred toward BTC: that was not present when the Gold ETF began. People literally hate BTC like they hate Elon, like they hate Republicans. That polarizing political effect will keep BTC price suppressed for decades (while it still trending up).

Crypto Monte

This is undoubtedly, ‘common sense’ he couldn’t be more ✅

Chrystof

I love this post. I had a theory, it didn't pan out but I'm going to admit it and talk about where I may have gone wrong and what I'm seeing now. I wish more people (& politicians) could communicate this way.

6flagns

Yeh sure but doesn't he realise the ponzi is totally controlled by chinance and the other grifting exchanges desperate to fill their account with our cash i mean do we really not expect 39k in 18months

beginner

Seems like we are waking up the dragon. Blue pill or red pill?

r4intra

Pantera price target for this cycle is 117k. We are up 810% if you bought the bottom. Those are profit taking numbers. The 200W is around 55k.

Saki83

I have no idea what this means … is he saying that Bitcoin already reached the highest now it’s going down ? Or Vise Verser ? Sorry my English is basic.

Corsair

I disagree. Half the people at least in the United States don’t hate Republicans. How many people own a significant amount of bitcoin? Not many. Not many Republicans either. We are still at the beginning.

Eddie K Martns

It means the change is big that the 4 year cycle is over. Maybe there will be no bear market anymore..

rkcrypto

While I appreciate the share it’s risky to think this time is different. Until proven otherwise the cycles will repeat.

AVeryNaughtyBoy

“New long term whales” is an oxymoron

FOS Holder

FOMO gets us all. The Market does whatever is most painful and makes the best of us look silly. We all know BTC is going higher ... just dont know when.