Bitcoin’s (BTC) widely referenced four-year cycle — the idea that its price predictably rises after each halving, before crashing and recovering — might be losing relevance, according to separate analyses from CryptoQuant and Bitwise executives.
In an X post today, July 25, CryptoQuant CEO Ki Young Ju declared that the “Bitcoin cycle theory is dead.” Ju argued that in previous market cycles, large holders typically offloaded their Bitcoin to retail investors near price peaks. This time, however, those whales are selling into stronger hands.
“This time, old whales sell to new long-term whales. Institutional adoption is bigger than we thought. Trading feels pointless. Holders now outnumber traders,” Ju said in the X post.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
