Macroeconomic guru Lyn Alden believes the ongoing Bitcoin bull market is still intact as long-term holders refuse to sell even after BTC’s year-long rally.
In a new interview on crypto influencer Natalie Brunell’s YouTube channel, Alden says BTC is in the very early stages of its structural bull run.
The macro guru insists that she still sees no signs of long-term BTC holders selling their coins, even though Bitcoin is up around 160% over the past twelve months.
“So far we haven’t really seen any sign of distribution. So when Bitcoin goes through big bull runs, some of those older holders normally start selling at that market strength. Maybe they want to rebalance, maybe they want to consume… so you’re seeing some of that distribution as new buyers come in and that process hasn’t even started yet based on any kind of on-chain analysis that you’re looking at.
I still think we are very early in this structural bull run, but I do think it is important not to take a bull run for granted. It’s not necessarily owed to you just because the halving happens or just because it’s in that cycle. I think this is still likely over the next year or two, but it’s important to manage your expectations and risks accordingly.”
Earlier this month, Alden said that Bitcoin’s cycles are correlated with global liquidity and that BTC could rise as high as $200,000 before the end of 2025.
At the time of writing, Bitcoin is worth $43,010.
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