According to Mitchell Askew, a Bitcoin analyst at Blockware, Bitcoin will no longer experience "parabolic" spikes or "devastating" bear markets because the launch of Bitcoin spot ETFs has permanently reduced volatility and changed market dynamics.
"BTC/USD before and after the launch of the ETF is almost like two completely different assets," Mr. Askyu wrote on Friday, sharing a chart showing a marked weakening of bitcoin price volatility since the launch of the US ETF in January 2024.
"The era of parabolic bulls and devastating bears is over," the analyst said. "Bitcoin will move steadily towards $1 million in a cyclical upswing-consolidation over the next decade. It will be a dry ride that will wipe out all the tourists."
Analyst: The era of parabolic bull markets and devastating bear markets is over
2025-07-26 20:19:22
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