Bitcoin Surges as Institutional Adoption Shifts Market Dynamics

Key Points

1. Ki Young Ju initially predicted the end of the Bitcoin bull market based on whale accumulation and retail investor behavior but later admitted this model is outdated.

2. Bitcoin historically follows a four-year cycle tied to halving events, but Ki Young Ju now believes this theory may no longer hold.

3. Bear markets could be triggered by major investors like MSTR or IBIT locking in profits, potentially causing panic sales.

4. Despite potential sell-offs, institutional BTC reserves might prevent extreme market downturns in the short term.

5. Bitcoin's price has climbed to $116,800, with historical whale holdings contributing to potential upward momentum.