Analysts Highlight the Rise of Disinformation in the Crypto World That is not Based on Onchain Data!

Jakarta, Pintu News—The cryptocurrency world is once again plagued by misleading narratives that are widely circulated despite not being supported by valid on-chain data. Many crypto investors are consumed by sensational opinions rather than analyzing objective data.

In the latest market report on March 22, a CryptoQuant analyst named “Unchained” emphasized the importance of on-chain data verification to avoid disinformation. He cautioned that market sentiment often creates illusions that are not in line with the reality behind blockchain.

Check out the full analysis below!

Analysts highlight false narratives about Bitcoin and long-term holders

According to Onchained, one of the misleading narratives that has recently been circulating is that long-term holders of Bitcoin BTC0.04%->Current BTC PriceRp 1.385.749.9610.04%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 are “giving up” and selling their assets.

However, Onchain data shows that long-term holders (LTH)—those who have held BTC for more than 155 days—have remained consistent in holding their assets. This is evidenced by the Inactive Supply Shift Index (ISSI), which does not show any significant selling pressure from the group. “The data leaves no room for speculation,” Onchained emphasized.

Also read: Sonic Introduces High Yielding Algorithmic Stablecoin, Sparking Concerns Post Terra-LUNA!

He added that such narratives are usually driven by market emotions rather than data-driven analysis. In the highly volatile crypto market, misinformation can spread quickly and mislead retail investors.

Therefore, Onchained urges market participants to rely more on on-chain data rather than simply following popular opinion. The principle is simple: “Trust the data, not the noise.”

Bitcoin’s 4-Year Cycle Theory Questioned

One of the old narratives being debated again is the Bitcoin (BTC) 4-year cycle theory, which attributes price patterns to halving events every four years. According to this theory, Bitcoin’s price tends to rise significantly after each halving.

However, some analysts now think this theory is losing relevance as market dynamics and government policies change. In fact, some believe we are entering a longer cycle, especially for altcoins.

Michael van de Poppe, founder of MN Trading Capital, states that the current crypto cycle no longer follows that four-year pattern. He believes that altcoins are now in a broader cycle, the duration of which cannot be predicted by Bitcoin’s halving alone.

Bitwise Invest’s CIO, Matt Hougan, also expressed a similar sentiment. He said this cyclical change was triggered by new dynamics in the United States government. According to him, crypto will move in a new wave that lasts for a decade.

Some Analysts Call Crypto Bull Cycle Over

On the other hand, some analysts believe that the crypto bull market is over and is now entering a consolidation or bearish phase. CryptoQuant CEO Ki Young Ju said in a post on the X platform that all of Bitcoin’s on-chain indicators are signaling a bearish market.

He predicts Bitcoin will experience stagnant or declining movements over the next 6 to 12 months. This is due to the drying up of new liquidity and the sell-off of new whales.

Also read: Dogecoin Ready to Break $4.5? Whale buys 120 million DOGE, big rally in sight?

With Bitcoin (BTC) ‘s current price reaching around Rp1.42 billion (equivalent to $86,917), any change in trend can have a huge impact on the overall market. Ju emphasized that investors should monitor data movements closely rather than just following market opinion.

This phenomenon shows data transparency is importance in maintaining stability and investor confidence in the cryptocurrency industry. Under these conditions, objectively reading data becomes an important asset.

Conclusion

Amid the rapid growth of the cryptocurrency industry, misleading narratives remain a real threat to investors. Analysts remind us that sensationalized market sentiment often obscures facts and creates confusion.

For this reason, it is important for crypto market participants to continue to prioritize the validation of onchain data as a source of truth. Investors can make wiser decisions in the face of crypto market dynamics with a rational approach and accurate data.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Misleading crypto narratives continue, driven by ‘sensationalist’ sentiment. Accessed March 24, 2025.
• Featured Image: Generated by Ai