Crypto’s Golden Rule Just Got Broken, According To Analyst

CryptoQuant CEO Ki Young Ju has stated that Bitcoin's traditional four-year cycle is no longer applicable due to the increasing involvement of big players. He previously predicted a market top, but was proven wrong, and has since reevaluated his stance. According to Ju, institutional buyers such as Bitcoin Spot ETFs and corporate treasuries are changing the game, providing a steady demand that cushions the market against whale exits. In the past, short sells and panic dumps would significantly impact prices, but now institutional demand fills the gap. This shift could reshape Bitcoin's usual price patterns, making the old cycle theory obsolete. Ju notes that institutional adoption is bigger than expected, with treasury companies buying twice as much BTC as ETFs in the first half of the year. Experts such as Michael Saylor, Samson Mow, and CZ believe that this new phase could take Bitcoin to $1 million, driven by institutional growth rather than hype. The increasing involvement of big players has built a solid floor under prices, reducing the influence of whale movements. Ju's revised view is based on the observation that old whales are selling to new long-term whales, rather than to retail buyers. This new dynamic has forced Ju to rethink his predictions and acknowledge the death of the old Bitcoin cycle theory.