Bitcoin Distribution Patterns Indicate Prolonged Bull Market

According to BlockBeats, on January 26, CryptoQuant CEO Ki Young Ju shared insights on the current Bitcoin market trends. He suggested that the market is in an early distribution phase as new retail investors enter. The global influence of U.S. President Donald Trump might extend this bull market for several more quarters. Ki Young Ju outlined a typical Bitcoin distribution pattern, where retail investors sell to whales. However, in the current cycle, the distribution involves both original retail investors and whales selling to new retail investors, including those investing through ETFs and institutional entities like MicroStrategy (MSTR). The activities of original investors and whales can be traced through on-chain behavior and cryptocurrency exchanges, while paper Bitcoin, such as ETFs and corporate stocks, leave on-chain records through custodial wallets during settlement. Ki Young Ju anticipates that the final distribution phase, involving original retail investors, original whales, and institutional whales selling to new retail investors, will occur within this year. He believes there is no need to adopt a bearish outlook prematurely.