Analyst: The era of skyrocketing bull markets and devastating bear markets is over, and Bitcoin's rise will force all investors to retreat

BlockBeats News: On July 28th, Mitchell Askew, an analyst at Bitcoin miner Blockware, stated that he believes the era of parabolic bull markets and devastating bear markets has come to an end, which is consistent with the views of CryptoQuant CEO Ki Young Ju, who believes that the four-year cycle theory of Bitcoin is "outdated". Askew added that as the price of Bitcoin transitions between "rising" and "consolidating" phases, its price is expected to soar to $1 million over the next 10 years. He added, "Along the way, it will exhaust everyone and drive those who are not determined out of the car Markus Thielen, CEO of 10x Research, pointed out that "the fifth Bitcoin bull market in this round presents a pulse like rise and sudden stagnation alternating, rather than a stable, high Sharpe ratio continuous climb. Each round of the market depends on clear catalysts: Federal Reserve interest rate expectations, Trump's political momentum, ETF breakthroughs, or regulatory interventions (such as crackdowns on crypto friendly banks). Therefore, it is crucial to continuously focus on macro catalysts and respond quickly to market breakthroughs. In the field of encryption, momentum is driven by events rather than timelines