Bitcoin: Why Deep Drawdowns May Be Less Likely This Cycle

Bitcoin is navigating uncharted territory in its market structure, and new on-chain data suggests the downside may be more limited than previously seen. CryptoQuant CEO Ki Young Ju believes that Bitcoin’s recent price decline is unlikely to reach deep, multi-month draws as long as institutional holders, particularly those like Strategy with their significant 650,000 BTC reserve, remain committed to their positions.