strong buy
CryptoQuant CEO Admits Model Failure Amid Bullish Shift
The CEO of CryptoQuant, a leading blockchain analytics service, admitted that his previous forecast model is no longer effective. He reflected on his past strategy of buying during whale accumulation phases and selling when the market was flooded, acknowledging that this approach is outdated. The CEO noted that whales are now passing Bitcoin to large holders with long-term outlooks, indicating institutional acceptance surpassing previous expectations. He apologized for prematurely declaring the end of the bull cycle and pointed out a fundamental shift: the market now has more long-term holders than traders, which fundamentally changes the dynamics. Moving forward, he intends to base analytics on actual data rather than theories.
Source available for registered users Sign Up Free
AI Analysis
The recent admission by CryptoQuant's CEO highlights a significant evolution in Bitcoin market behavior. Previously, market models relied heavily on the activity of whales—large holders—who were belie...
AI Recommendation
Investors should reassess their strategies considering the increased presence of long-term holders in the market. Instead of relying on past cyclical patterns, focus on data-driven analysis that takes...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.