“Trust Data, Not Noise”

Onchained’s March 22 market report warns investors to be cautious:

“Trust data, not noise. Verify sources and cross-check onchain metrics.”

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For instance, some narratives claim that Bitcoin long-term holders (LTHs) are capitulating. However, Inactive Supply Shift Index (ISSI) data indicates no meaningful selling pressure from these holders. Instead, structural demand continues to outpace supply.

4-Year Cycle Theory Under Fire

The long-debated Bitcoin 4-year cycle theory is now being questioned. MN Trading Capital founder Michael van de Poppe claims, “We can erase the entire 4-year cycle theory; Altcoins are in a longer cycle.”

Meanwhile, Bitwise Invest CIO Matt Hougan adds, “The traditional four-year cycle is over. Changes in DC signal a new decade-long cycle for crypto.”

Is the Bitcoin Bull Market Over?

CryptoQuant CEO Ki Young Ju believes so. In a March 17 post, he said, “Bitcoin bull cycle is over. Expect 6-12 months of bearish or sideways price action.”

Ju warns that onchain metrics point to a bear market, with fresh liquidity drying up and new whales selling Bitcoin at lower prices.

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