Ki Young Ju states that Bitcoin’s once-reliant cycle theory is becoming irrelevant due to institutional actions. Major players like MicroStrategy have reshaped expectations as Bitcoin trades above 100,000 USD, prompting a reevaluation of market dynamics.
Although traditional indicators are fading, Ju emphasizes that on-chain data still offers insights. The emergence of Bitcoin ETFs in the U.S. Influences liquidity perspectives, highlighting a transformative period in crypto.
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