Rely on Data, Not Hype: Analyst Calls Out False Crypto Market Stories

A prominent crypto expert has raised concerns about the spread of distorted narratives in the market, driven more by sensationalism than factual, on-chain evidence.

In a recent analysis, the expert emphasized the importance of relying on verified data, rather than following misleading claims that lack solid backing from blockchain metrics.

Focusing on the behavior of Bitcoin’s long-term holders, the analyst pointed out that despite claims suggesting a wave of capitulation among these investors, the actual data shows little evidence of significant selling.

The Inactive Supply Shift Index, which tracks dormant Bitcoin supply, has failed to indicate any meaningful pressure from these holders, reinforcing the idea that demand is still stronger than supply in the market.

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The ongoing evolution of crypto narratives has led to debates over traditional theories, such as Bitcoin’s four-year cycle. Analysts are increasingly questioning the relevance of this pattern, with some even suggesting that a new cycle may be forming, particularly for altcoins.

Recent comments from figures like Michael van de Poppe and Matt Hougan suggest that external factors, like changes in U.S. government policy, could be marking the end of the old cycle, signaling the emergence of a new market dynamic.

Additionally, some industry leaders, like CryptoQuant’s Ki Young Ju, have speculated that Bitcoin may be entering a bearish or stagnant phase, pointing to decreasing liquidity and the selling activities of large investors. This shift in sentiment has prompted experts to reassess the broader market outlook, pushing the community to reconsider previously held beliefs about the cyclical nature of cryptocurrency markets.

Alexander Stefanov