Bitcoin’s Current Drop Mirrors Last Year’s Bull Market Accumulation Phase

CryptoQuant analyst Mignolet argues that the current correction in Bitcoin’s price isn’t a sign of panic selling but rather a normal part of the bull market cycle. He points to similarities with last year’s accumulation phase between August and September, where large investors didn’t sell off, which indicates they are still bullish on the cryptocurrency. This suggests that the current dip is likely just a correction within an ongoing rally, not a sign of a deeper structural problem leading to a massive whale exodus. Following gold, Bitcoin is anticipated to be the next major beneficiary of this liquidity wave once it’s resolved.