👀 Are the old Bitcoin cycles dead?

🔴 Ki Young Ju (CEO CryptoQuant):

I was wrong. The bull run is not over. Selling pressure is decreasing, and massive capital inflows are coming through ETFs.

➡️ Previously, the $BTC market was simple: whales, miners, retail. When retail ended—whales sold off, and the cycle collapsed. Everyone played “musical chairs”.

➡️ Now everything is different:

✏️ New players: ETFs, MSTR, institutions, even government structures

✏️ New volumes: liquidity from TradFi

✏️ New rules: whale sell-offs no longer crash the market if funds are buying at the same time

➡️ According to Ju, “the profit-taking cycle is no longer effective.” The focus is now on new flows, not old wallets.