Bitcoin Market Analysis: Is the Current Cycle Just Beginning Without Strategy’s Influence?

As highlighted by COINOTAG News on February 7th, analysts from the Empire research team, including Jason Yanowitz, suggest that the Bitcoin market remains in its nascent phase, especially when we consider the exclusion of Strategy’s substantial Bitcoin purchases. With over $20 billion invested by Strategy during the recent months, this has significantly influenced the current Bitcoin price. Presently, the cryptocurrency sector is characterized by a “Player versus Player” (PvP) dynamic, with major venture capital inflows yet to materialize. Echoing these sentiments, Dan Matuszewski of CMS Holdings emphasizes that the ramifications of the 2022 bear market continue to linger, adversely affecting liquidity levels within the market. There is a notable absence of robust funding influxes, save for select high-potential targets. As discussions gain momentum regarding market peaks, it is essential to acknowledge the emerging regulatory landscape, which may ultimately act as a crucial driver for future market developments.