CryptoQuant CEO: This round of decline was mainly due to the turnover of established whales, while the inflow of new institutions remains strong.
CryptoQuant CEO Ki Young Ju stated that the current market correction is mainly due to turnover among long-term holders, with early Bitcoin holders selling their chips to traditional financial institutions, which also tend to hold long-term. He recalled that the reason for predicting the phase top earlier this year was because "OG whales" were significantly selling at that time, but the current market structure has changed.
He pointed out that ETFs, MicroStrategy, and various new capital channels continue to bring incremental liquidity, on-chain capital inflows remain strong, and this round of correction is mainly caused by early whales dragging the market down. He emphasized that as sovereign funds, pension funds, multi-asset funds, and corporate treasuries continue to deploy, Bitcoin's liquidity channels will further expand, and under the continuous operation of these capital channels, traditional cycle theories are no longer applicable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A wave of AI applications is surging toward federal governance! Jensen Huang and Elon Musk will share a stage with Trump, further expanding the new landscape of AI commercialization
President Donald Trump will co-host an event with leading figures from the technology and artificial intelligence sectors to launch a new government website, America.gov, which aims to help the American public access federal information and resources. The event will feature panel discussions on artificial intelligence, energy dominance, health, space, and agriculture, with leaders such as Jensen Huang, Elon Musk, and Tom Brown in attendance.
Oracle (ORCL.US) "Force Majeure" Notice Shakes AI Bond Market! Morgan Stanley: Data Center Financing Contracts Face Reassessment
Oracle issued a “force majeure” notice to a major data center developer in New Mexico, raising concerns in the market about the strength of contract protections in AI infrastructure financing. Morgan Stanley warned that this move may prompt investors to reassess the lease terms and credit risks of data center projects.
Overnight US Stock Market | US-Iran negotiations enter technical consultation stage, major indexes close higher, Dell (DELL.US) rises over 5%
At market close, the Dow Jones rose by 478.64 points, or 0.93%, to 51,828.62 points, posting a weekly gain of 0.28%. The S&P 500 increased by 39.28 points, or 0.51%, to 7,743.41 points, up 1.22% for the week. The Nasdaq gained 129.34 points, or 0.48%, to 27,068.71 points, with a weekly increase of 2.06%.
Trump crypto token steadies at $2.10 as 50+ prosecutors blast pay deal
Crypto prices
More
