{"id":125628,"date":"2025-03-23T05:18:04","date_gmt":"2025-03-23T05:18:04","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125628"},"modified":"2025-03-23T05:18:04","modified_gmt":"2025-03-23T05:18:04","slug":"misleading-crypto-narratives-continue-driven-by-sensationalist-sentiment","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125628","title":{"rendered":"Misleading crypto narratives continue, driven by &#039;sensationalist&#039; sentiment"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsA crypto analyst says inaccurate narratives still circulate in the cryptocurrency market, mainly based on skewed information rather than onchain data to back it up.<br \/>\n\u201cBeware of misinformation. Despite the data, misleading narratives persist,\u201d CryptoQuant contributor \u201conchained,\u201d said in a March 22 market report.<br \/>\n\u201cSuch claims often lack onchain validation and are driven by sensationalist market sentiment rather than objective analysis,\u201d the analyst said, adding:<br \/>\n\u201cTrust data, not noise, verify sources and cross-check onchain metrics.\u201d<br \/>\nOnchained pointed to the recent movements of Bitcoin (BTC) long-term holders (LTH) \u2014 those holding for over 155 days \u2014 as an example of false narratives clashing with real data.<br \/>\nThe analyst pointed out that while some narratives claim Bitcoin long-term holders are \u201ccapitulating,\u201d the data shows they\u2019re remaining consistent. \u201cThe data leaves no room for speculation,\u201d Onchained said.<br \/>\nThe Inactive Supply Shift Index (ISSI) \u2014 which measures the degree to which long-dormant Bitcoin supply is shifting \u2014 \u201cshows no meaningful LTH selling pressure, reinforcing a narrative of structural demand outpacing supply,\u201d Onchained said.<br \/>\nNarratives are always being challenged<br \/>\nCrypto analytics platform Glassnode recently made a similar observation based on data, saying, \u201cLong-Term Holder activity remains largely subdued, with a notable decline in their sell-side pressure.\u201d<br \/>\nCrypto market narratives are constantly changing and being challenged.<br \/>\nOne long-standing crypto narrative under debate is the relevance of the 4-year cycle theory, which suggests that Bitcoin\u2019s price follows a predictable pattern tied to its halving event every four years.<br \/>\nSource: Tomas GreifMN Trading Capital founder Michael van de Poppe said in a March 22 X post, \u201cI assume that we can erase the entire 4-year cycle theory and that we\u2019re in a longer cycle for Altcoins.\u201d\u00a0<br \/>\nRelated: Crypto markets will be pressured by trade wars until April: Analyst<br \/>\nEchoing a similar sentiment, Bitwise Invest chief investment officer Matt Hougan recently said that \u201cthe traditional four-year cycle is over in crypto\u201d due to the recent change in the US government\u2019s stance.<br \/>\n\u201cCrypto has moved in four-year cycles since its earliest days.\u00a0But the change in DC introduces a new wave that will play out over a decade,\u201d Hougan said.<br \/>\nAlongside this, some analysts are even debating whether the entire Bitcoin bull market is over.<br \/>\nCryptoQuant founder and CEO Ki Young Ju said in a March 17 X post, \u201cBitcoin bull cycle is over, expecting 6-12 months of bearish or sideways price action.\u201d<br \/>\nJu said all Bitcoin onchain metrics indicate a bear market. \u201cWith fresh liquidity drying up, new whales are selling Bitcoin at lower prices,\u201d Ju said.\u00a0<br \/>\nMagazine: Dummies guide to native rollups: L2s as secure as Ethereum itself<a href=\"https:\/\/cointelegraph.com\/news\/crypto-market-narratives-misleading-sensationalist-sentiment-analysts?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsA crypto analyst says inaccurate narratives still circulate in the cryptocurrency market, mainly based on skewed information rather than onchain data to back it up. \u201cBeware of misinformation.&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125628"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125628"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125628\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125628"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}