According to BlockBeats, CryptoQuant founder Ki Young Ju said that the judgment two months ago that the BTC bull market was over was wrong. On-chain data showed that BTC selling pressure was reduced and institutional funds such as ETFs were flowing in on a large scale.
He pointed out that the structure of the Bitcoin market has changed, and the traditional logic of "whales selling to trigger the top" has failed. Ki emphasized that we should pay attention to the incremental institutional funds flowing in, rather than the old selling pressure signals.
