Bitcoin's Price Hinges on HODLers as VC Funding Lags

The current Bitcoin price relies heavily on the support strategy of HODLers, as large-scale venture capital funding has yet to enter the scene. This observation was recently highlighted by analysts, who noted that the current market is still in the "Player versus Player" (PvP) stage, with venture capital funds yet to make significant inroads.

Jason Yanowitz, an analyst at Empire, pointed out that if we exclude the Bitcoin buying behavior of MicroStrategy, the current cycle may still be in its early stages. The current Bitcoin price is largely dependent on the over $20 billion invested by MicroStrategy from the end of last year to the present. The market liquidity is severely lacking, unable to drive substantial inflows of funds. Currently, apart from a "few selected targets," there has not been a large-scale influx of funds. The debate about whether we have reached the peak will intensify. But regardless of the position in the cycle, we must recognize that the new regulatory regime is just beginning, and its policies may become a future catalyst.

Dan Matuszewski of CMS Holdings agrees with this view, noting that the impact of the 2022 bear market is still ongoing. The market liquidity is severely lacking, unable to drive substantial inflows of funds. Currently, apart from a "few selected targets," there has not been a large-scale influx of funds. The debate about whether we have reached the peak will intensify. But regardless of the position in the cycle, we must recognize that the new regulatory regime is just beginning, and its policies may become a future catalyst.

The current Bitcoin price relies heavily on the support strategy of HODLers, as large-scale venture capital funding has yet to enter the scene. This observation was recently highlighted by analysts, who noted that the current market is still in the "Player versus Player" (PvP) stage, with venture capital funds yet to make significant inroads.

Jason Yanowitz, an analyst at Empire, pointed out that if we exclude the Bitcoin buying behavior of MicroStrategy, the current cycle may still be in its early stages. The current Bitcoin price is largely dependent on the over $20 billion invested by MicroStrategy from the end of last year to the present. The market liquidity is severely lacking, unable to drive substantial inflows of funds. Currently, apart from a "few selected targets," there has not been a large-scale influx of funds