TechFlow reported on January 19 that Garrett, the trader behind "1011 Insider Address," pointed out that comparing the current Bitcoin price trend with that of 2022 is "completely unprofessional." There are fundamental differences between the two periods:
- Radically different macro environment: In 2022, the market was in a high-inflation, rate-hiking cycle, whereas today it's entering a rate-cutting cycle with liquidity being re-injected into the market
- Structural differences in technical patterns: The current market is more likely experiencing a "bear trap" rather than the prolonged downtrend seen in 2022
- Shift in investor composition: The market has transitioned from retail-dominated in 2022 to institutionally driven today
- Increased market maturity: The introduction of ETFs has brought long-term holders, reducing volatility from historical levels of 80–150% to 30–60%
Analysts believe that under the AI-driven technological revolution, long-term deflation is highly probable, which would benefit the Bitcoin market.
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