BTC OG Whale Agent Garrett Jin States AI Drains Crypto Liquidity; Next Bull Run Awaits Cycle Return

BTC1.43%
According to BlockBeats, on May 29, Garrett Jin, representing a major Bitcoin OG whale, stated that artificial intelligence has redirected capital flows away from the crypto market toward AI stocks, citing a liquidity drain in crypto that began last October. Jin indicated his team exited crude oil positions near late April as the U.S. strategic reserve releases mitigated supply concerns from the three-month Hormuz Strait closure. Regarding crypto's outlook, Jin noted the current phase represents a cyclical bear market, with the next bull run dependent on a new market cycle's arrival rather than immediate catalyst.
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