Many misconceptions about BTC are still being spread in the crypto space.

A crypto analyst stated that inaccurate stories continue to circulate in the crypto market, primarily based on misinformation rather than on-chain data to substantiate.

"Be careful with misinformation. Despite the data, misleading narratives still persist," Onchained – a contributor of CryptoQuant, stated in the market report on March 22.

"Such statements often lack on-chain verification and are driven more by market sentiment than by objective analysis," the analyst added:

"Trust the data, not the noise signals, verify the source and cross-check on-chain data."

Onchained points out the recent moves of long-term Bitcoin holders (LTH), those who have held tokens for more than 155 days, as an example of misleading narratives that conflict with real data.

Analysts point out that while some narratives suggest long-term Bitcoin holders are "giving up," the data shows they remain very consistent.

"The data leaves no room for speculation," Onchained stated.

The Supply Shift Index inactive (ISSI) measures the extent of the movement of Bitcoin supply that has been dormant for a long time, "showing no significant selling pressure from LTH."

Challenges for crypto

The Glassnode analytics platform recently made a similar observation based on data, stating: "Long-term holder activity remains largely constrained, with a significant decrease in selling pressure."

The story of the crypto market is continuously changing and facing many challenges.

A story currently under debate is the relevance of the 4-year cycle theory, which suggests that Bitcoin prices follow a predictable pattern linked to the halving event that occurs every 4 years.

Source: Tomas GreifMN Trading Capital founder, Michael van de Poppe said in a post on March 22 on X that: "We can eliminate the entire 4-year cycle theory and are in a longer cycle for Altcoins."

Reiterating a similar point, Bitwise Invest's Chief Investment Officer, Matt Hougan, recently stated: "the traditional four-year cycle in the crypto market has ended" due to the recent shift in the stance of the U.S. government.

"Cryptocurrency has moved in a 4-year cycle since its earliest days. But the change in DC has created a new wave for the coming decade," Hougan said.

In addition, some analysts even debate whether the Bitcoin bull market has ended or not.

The founder and CEO of CryptoQuant, Ki Young Ju, stated on March 17 on X: "The Bitcoin bull cycle has ended, and a 6-12 month period of decline or stagnation is expected."

Ju revealed that all on-chain metrics for Bitcoin indicate signals of a bear market.

"With liquidity now running dry, new whales are selling Bitcoin at lower prices," Ju said.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.

• Bitcoin and Gold: Is this the perfect signal for the next price surge of BTC?
• PEPE faces historical bearish signals – Do the bulls have a chance to reverse?
• Timothy Peterson: The current bear market of Bitcoin has lasted only 90 days.

Viet Cuong

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width: 728px; height: 90px; } }