CryptoQuant CEO: Bitcoin Enters ‘Boring’ Sideways Phase as Inflows Stall
Bitcoin (BTC) inflows have dried up, in line with CryptoQuant CEO Ki Young Ju, who stated that the market is probably going heading into a number of months of flat, uneventful worth motion slightly than a dramatic sell-off.
His feedback matter as a result of they problem each crash fears and near-term bull expectations at a time when Bitcoin is buying and selling just under key restoration ranges after a unstable finish to 2025.
Capital Rotation Replaces the Old Bitcoin Cycle
Writing on X, Ki famous that contemporary capital is now not flowing into Bitcoin in a significant method. Instead, cash has rotated into equities and commodities, which he referred to as “shares and glossy rocks.” He argued that this shift, mixed with structural modifications available in the market, makes timing inflows far much less helpful than in earlier cycles.
According to Ki, the standard sample the place massive holders bought into retail demand has weakened. Long-term institutional possession has modified provide conduct, and he dismissed fears that main company holders will all of the sudden flood the market with cash. He pointed to Strategy’s 673,000 BTC stash, saying the agency is unlikely to promote a significant portion.
As a outcome, Ki stated a deep drawdown just like prior bear markets seems to be unlikely. Instead of a violent drop from the all-time high, he expects what he described as “boring sideways” worth motion for the subsequent few months. He added a blunt warning to merchants betting on a sudden collapse:
“Shorting right here hoping for a nuke? Good luck with that.”
Not everybody agreed. A reply from X consumer Inner Edition captured frustration amongst smaller buyers, saying they have been “extraordinarily disillusioned” and questioning whether or not a bull market would even arrive. Ki responded by urging endurance, comparing Bitcoin to one thing that improves with time slightly than fast hypothesis.
On-chain Data Backs a Slow, Grinding Phase
A current report by analyst CryptoZeno offers context to Ki’s outlook. According to them, Bitcoin’s Net Unrealized Profit/Loss is sitting close to the 0.3 degree, a zone that has usually acted as a holding vary between restoration and renewed risk-taking. The studying suggests common holders are again in modest revenue, however nowhere close to the surplus seen late in previous cycles.
Glassnode additionally echoed that view in its Week On-Chain report launched January 7, which described the flagship cryptocurrency coming into 2026 with a “cleaner market construction” after a serious reset. Profit-taking has cooled, derivatives positioning has been cleared, and spot ETF flows within the U.S. have began to show optimistic once more, although nonetheless uneven.
However, different market watchers stay break up. For instance, Bitwise CIO Matt Hougan believes that BTC’s 2026 restoration can proceed if regulatory uncertainty in Washington eases and fairness markets keep away from a steep drop. Meanwhile, extra cautious voices, such as the pseudonymous Doctor Profit, nonetheless see dangers of decrease costs later this yr, regardless of a restricted draw back within the brief time period.
The put up CryptoQuant CEO: Bitcoin Enters ‘Boring’ Sideways Phase as Inflows Stall appeared first on CryptoPotato.
