Lyn Alden says that in the early innings of a structural bull market, BTC is showing no signs of distribution.
Macroeconomics expert 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 cryptocurrency influencer Natalie Brunell’s YouTube channel, Alden said BTC is in the early stages of a structural bull market.
The macro expert highlights that despite Bitcoin rising about 160% over the past 12 months, there are still no signs that long-term BTC holders are selling the coin.
“So far we haven’t really seen any signs of deployment. So when Bitcoin goes through a large bull market, typically some of the older holders start selling on that market strength. Maybe they want to rebalance, maybe they want to spend. So you can see some of that distribution as new buyers come in, and based on the on-chain analysis you’re looking at, that process hasn’t even started yet.
I still think we are at the beginning of a structural bull market. But I think it’s important not to take bull markets for granted. Just because a halving is happening or just because you’re in that cycle doesn’t necessarily mean you owe it. “I think that’s still likely to be the case in the next two years, but it’s important to manage expectations and risks accordingly.”
Earlier this month, Alden said Bitcoin’s cycles are correlated with global liquidity and that BTC could rise to $200,000 before the end of 2025.
As of this writing, Bitcoin is worth $43,010.
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The post Bitcoin Shows No Signs of Distribution in the Early Stages of a Structural Bull Market Lyn Alden appeared first on The Daily Hodl.
