CryptoQuant CEO: Structural BTC changes make large-scale sell-off unlikely

The likelihood of a massive Bitcoin price drop is decreasing as institutional investors show a stronger tendency to hold the asset long-term, according to a post on X by CryptoQuant CEO Ki Young Ju. He argued that the market's structural change is already evident, noting that liquidity channels into BTC have become more diverse, making it pointless to simply predict the timing of fund inflows. Ju highlighted that the approximately 673,000 BTC held by Strategy (MSTR) is unlikely to enter the market as selling pressure and instead serves as a defense against downward price movements. He added that current market liquidity appears to be dispersed into assets like stocks and gold rather than BTC. Ju predicted that due to these shifts, Bitcoin will likely not fall more than 50% from its all-time high as it did in past bear markets, and will probably move sideways for the next several months.