The classic BTC cycle model no longer works.



The CEO of CryptoQuant noted that the traditional strategy of buying with whales and selling to retail has lost its effectiveness.

Previously, whales locked in profits by selling assets to retail investors. Now, assets are being transferred to new long-term and institutional holders. Institutional adoption has proven to be larger than expected.

There are now more holders than traders in the market, and traditional trading strategies are losing relevance.
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