According to ChainCatcher, CryptoQuant founder Ki Young Ju posted on the X platform that funds flowing into Bitcoin have dried up. With liquidity channels becoming more diversified, timing inflows has become meaningless. Long-term institutional holders have ended the previous cycle of whale and retail investors selling off their holdings; MicroStrategy did not sell any significant portion of its 673,000 BTC. Funds have now rotated into other areas such as stocks.
Ki Young Ju believes that Bitcoin will not fall more than 50% from its historical high as in previous bear markets, and will instead consolidate sideways in the coming months.




