Analyst: The era of parabolic bull markets and devastating bear markets has come to an end

According to Blockware's Bitcoin analyst Mitchell Askew, Bitcoin will no longer experience a "parabolic" surge or a "devastating" bear market, as the launch of Bitcoin spot ETFs has permanently reduced volatility and changed market dynamics. The BTC/USD before and after the launch of ETFs are almost like two completely different assets, "Askiyo wrote on Friday. The chart he shared shows that since the launch of the US Bitcoin ETF in January 2024, the volatility of Bitcoin prices has significantly decreased. The era of parabolic bull markets and destructive bear markets has come to an end. In the next decade, Bitcoin will steadily move towards $1 million with a cyclical fluctuation of 'rise consolidation'. This path will be extremely boring, washing all 'tourists' out