Yigit Taha OZTURK 
Inaccurate crypto narratives continue to circulate in the market, often lacking validation from onchain data, according to CryptoQuant contributor Onchained.
“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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