CryptoQuant founder: Bitcoin market structure has undergone fundamental changes

BlockBeats News: On May 9th, CryptoQuant founder Ki Young Ju posted that the Bitcoin market has shifted from a traditional whale and retail led model to a more diversified structure. The participation of institutional investors such as ETFs, MicroStrategy, and government agencies may render traditional market cycle theories no longer applicable. The addition of new sources of liquidity is changing market dynamics, and the inflow of institutional funds may offset the pressure brought by whale selling. And emphasize that the current market is in a transitional stage of absorbing new liquidity.