CryptoQuant founder: Bitcoin cycle theory is no longer valid
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最新报道：According to a report by Bijie.com, Ki Young Ju, founder of CryptoQuant, said in a post that the cycle theory of Bitcoin, "buy when whales stock up and sell when retail investors enter the market," is no longer applicable. In previous cycles, whales would sell their chips to retail investors, but now old whales are selling to new long-term whales. Institutional participation is far beyond expectations, and the number of holders has exceeded that of traders. Ki Young Ju apologized for his previous misjudgment of the "end of the bull market cycle" and said that he would be more cautious in the future and focus on data-driven analysis.
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