According to BlockBeats, CryptoQuant founder Ki Young Ju stated that his assessment of the end of the BTC bull market two months ago was incorrect. On-chain data shows that selling pressure for BTC has eased, and there has been a large inflow of institutional funds such as ETFs.
He pointed out that the market structure of Bitcoin has changed, and the traditional logic of 'whales selling causing a peak' is no longer valid. Ki emphasized that attention should be paid to the inflow of incremental institutional funds, rather than the old selling pressure signals.
