Analyst: The Era of Parabolic Bull Markets and Devastating Bear Markets Is Over

According to a report by Jinse Finance, Blockware’s Bitcoin analyst Mitchell Askew believes that Bitcoin will no longer experience “parabolic” surges or “devastating” bear markets, as the launch of spot Bitcoin ETFs has permanently reduced volatility and changed market dynamics. “BTC/USD before and after the ETF launch are almost like two completely different assets,” Askew wrote on Friday. The chart he shared shows that since the launch of the US Bitcoin ETF in January 2024, Bitcoin’s price volatility has significantly decreased. The analyst stated, “The era of parabolic bull markets and devastating bear markets is over. In the next decade, Bitcoin will steadily move toward $1 million through cyclical ‘rally-consolidation’ patterns. This journey will be extremely dull, washing out all the ‘tourists’ from the market.”