CryptoQuant CEO Ki Young Ju stated that Bitcoin is unlikely to plummet 50% like in previous cycles. He pointed out that the market structure has changed, and long-term holders like MicroStrategy, which owns 670,000 BTC, have no intention of selling. This "sticky supply" reduces extreme volatility, weakens traditional on-chain signals, and may lead to prolonged sideways price movement rather than a sharp crash. Ju warned that liquidity has shifted to other assets, making shorting Bitcoin a high-risk, low-reward investment.