CEO Cryptoquant Kiu Ju publicly apologized for the erroneous forecast for the completion of Bitcoin bull cycle, published two months ago.
Two Months Ago, I Said The Bull Cycle Was Over, But I Was Wrong. #Bitcoin Selling Pressure Is Easing, and Massive Inflows Are Coming Through ETFS.
In the past, the Bitcoin Market Was Pretty Simple. The Main Players Were Old Whales, Mins, and New Retail Investors, Basically … pic.twitter.com/on4N6VNC0S
– Ki Young Ju (@ki_youung_ju) May 9, 2025
According to him, the pressure from the sellers of the first cryptocurrency is reduced, and significant funds are received on the market through exchange funds (ETF).
Earlier, the dynamics of Bitcoin was determined by three groups: miners, whales and retail investors. When liquidity from the new participants dried up, and large holders began to fix the profit, a chain reaction of sales was launched.
Now the market structure has become more complicated: in addition to traditional players, it included ETF, companies like Strategy, institutional investors and even government agencies, Ju said.
Despite the increase in Bitcoin, the analyst calls the current “sluggish” market. Most indicators are balanced on the verge, without giving clear signals, he explained.
At the same time, Ju emphasized: the error in the forecast does not mean that onchain-metrics have lost value.
He promised to improve the quality of the examination and take into account new factors, including the integration of the first cryptocurrency with traditional finances.
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Source: Cryptocurrency
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