The cryptocurrency market is constantly evolving and with it, the narratives surrounding it. However, a recent report by CryptoQuant contributor “onchained” highlights the prevalence of misleading information in the market, driven by sensationalist sentiment rather than objective analysis.

The report cautions against falling for these false narratives and emphasizes the importance of relying on data rather than noise. Onchained points to the movements of Bitcoin long-term holders (LTH) as an example, debunking claims of LTH capitulation with onchain data showing consistent holding patterns.

This sentiment is echoed by crypto analytics platform Glassnode, which also notes a decline in sell-side pressure from long-term holders. It’s a reminder that narratives are constantly being challenged and that data should be trusted over speculation.

One long-standing narrative that has come under scrutiny is the 4-year cycle theory, which suggests that Bitcoin’s price follows a predictable pattern tied to its halving event every four years. However, MN Trading Capital founder Michael van de Poppe believes this theory may no longer hold true for altcoins.

Similarly, Bitwise Invest chief investment officer Matt Hougan believes the traditional four-year cycle is over in crypto due to the recent change in the US government’s stance. This introduces a new wave that will play out over a decade, according to Hougan.

Some analysts are even debating whether the entire Bitcoin bull market is over, with CryptoQuant founder and CEO Ki Young Ju stating that all onchain metrics indicate a bear market. However, it’s important to note that these are just opinions and should not be taken as fact.

In the ever-changing world of cryptocurrency, it’s crucial to stay informed and rely on data rather than falling for sensationalist narratives. As the saying goes, “trust, but verify” – always cross-check sources and validate information before making any decisions.