The post Bitcoin Theory is No Longer Valid, says Crypto Expert appeared first on Coinpedia Fintech News
Founder and CEO of CryptoQuant, Ki Young Ju, apologizes for his recent Bitcoin predictions. Ju admits that in recent months, the global crypto cycle has shifted rapidly, breaking the traditional market theories. He confesses that his theory is outdated, as he notes the shift in crypto whales’ behavior.
The Bear and Bull Cycle Breaks in Crypto
CryptoQuant’s Ju realizes that the four-year bull and bear cycles driven by whale (large crypto holders) accumulation and retail investor behavior are no longer applicable in the current crypto environment. Initially, in April, Ju had predicted the end of the Bitcoin bull cycle, which he recently realized was incorrect.
In a recent post on X, Ju states, “buy when whales accumulate, sell when retail joins. But that pattern no longer holds.”
Currently, the large crypto holders are transferring their digital assets to new
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