Ki Young Ju Admits Mistake: What’s Really Driving Bitcoin’s Market Shift?
- Ki Young Ju admits he was wrong about Bitcoin’s market direction, acknowledging changes.
- Whale movement has shifted BTC’s stance from simple trading to a more diverse investor group.
- Ju emphasizes new liquidity from ETFs and institutions, making BTC market less predictable.
Ki Young Ju, founder and CEO of CryptoQuant, has confessed that he was mistaken about Bitcoin’s market direction. Just two months back, Ju asserted that the bull cycle for Bitcoin was likely over. However, recent developments, especially the impact of exchange-traded fund (ETF) inflows, have significantly changed the landscape, prompting Ju to revise his outlook.
Earlier, Bitcoin’s market was dominated by whales, miners, and retail investors. These participants traded Bitcoin back and forth, and the market coincided with liquidity drying up. Further, if whales exited, the prices fell, triggering what Ju described as a game of “musical chairs,” where late participants were left holding losses.
Rising Institutional Influence
In his X post, Ju argued that the market operates under a different regime. “Thi…
The post Ki Young Ju Admits Mistake: What’s Really Driving Bitcoin’s Market Shift? appeared first on Coin Edition.
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Ki Young Ju Admits Mistake: What’s Really Driving Bitcoin’s Market Shift?
- Ki Young Ju admits he was wrong about Bitcoin’s market direction, acknowledging changes.
- Whale movement has shifted BTC’s stance from simple trading to a more diverse investor group.
- Ju emphasizes new liquidity from ETFs and institutions, making BTC market less predictable.
Ki Young Ju, founder and CEO of CryptoQuant, has confessed that he was mistaken about Bitcoin’s market direction. Just two months back, Ju asserted that the bull cycle for Bitcoin was likely over. However, recent developments, especially the impact of exchange-traded fund (ETF) inflows, have significantly changed the landscape, prompting Ju to revise his outlook.
Earlier, Bitcoin’s market was dominated by whales, miners, and retail investors. These participants traded Bitcoin back and forth, and the market coincided with liquidity drying up. Further, if whales exited, the prices fell, triggering what Ju described as a game of “musical chairs,” where late participants were left holding losses.
Rising Institutional Influence
In his X post, Ju argued that the market operates under a different regime. “Thi…
The post Ki Young Ju Admits Mistake: What’s Really Driving Bitcoin’s Market Shift? appeared first on Coin Edition.
Read More