BlockBeats news: On January 21, Garrett Jin, an agent for the "BTC OG insider whale," posted a long message on social media stating that...Wintermute reported that the traditional bull cycle in crypto has ended, but some media have misinterpreted this as "the end of the current crypto bull market," which is highly unprofessional.
Garrett Jin stated that historical data from Chinese A-shares and U.S. stocks clearly confirms this:Retail investor-driven markets exhibit high volatility and price-pump-and-dump behaviors. As institutional investors enter the market in large volumes, the market becomes more structured, more stable, and more trend-driven.
The phase of "retail-driven, high volatility, meme-dominated" for mainstream crypto assets has come to an end.What we are witnessing is a shift in dominance:
From speculation to portfolio allocation, from retail sentiment to institutional positioning, from extreme volatility to institutional-grade volatility. To conflate this transition with the "end of the bull market" is not analysis—it's a misunderstanding of how a maturing market functions.