Cryptoquant General Director Ki Young Ju said that the recent forecast of the company’s analysts about the completion of the bull cycle of the first cryptocurrency was erroneous.

According to Ki Young Ju, the pressure from the sellers of the asset is gradually weakening, and through the spot exchange bitcoin-Funds The influx of capital from large participants in the financial market continues:

“It’s time to abandon the old theory of cycles. It is much more important now – to track the volume of new liquidity by funds and institutions. But the market still remains in a borderline state, and many metrics hang on the verge. ”

PAnsha industry was much easier and included large holders, miners and retail investors. The cycles were distinct and ended with mass sales when large players went out of position, the Cryptoquant CEO reasoned.

Now the market has changed dramatically, state structures, investment companies and exchange funds have appeared on it. The scenarios of the movement of capital became much more unpredictable, the analyst said.

According to Young Ju, the Bitcoin market merges with traditional finances (Tradfi) – This changes the logic of price movement and the main factors of influence. An erroneous forecast does not cancel the value of onchain-data-the data remain important, but specialists can draw different conclusions, the head of Cryptoquant explained.

Earlier, K33 Research experts said that during the year, the Bitcoin market will be subject to a large number of positive catalysts caused by the actions of the US President Donald Trump.