「BTC OG Insider Whale」 Agent: AI Draining Liquidity from Crypto Market, Next Bull Run Still Awaits Cycle Reversion

BlockBeats News, May 29th, "BTC OG Insider Whale" agent Garrett Jin posted an article reviewing the three-month-long US-Iran conflict and the Strait of Hormuz crisis, and shared insights on the oil, US stock, gold, and crypto markets. He mentioned that the market impact of the three-month closure of the Strait of Hormuz was lower than expected. The US released strategic reserves and became the "last supplier," alleviating the crude oil supply gap, with his team closing the crude oil position for profit near the end of April.

Garrett believes that AI is changing market pricing logic. Despite the ongoing Hormuz crisis, US stocks have decoupled from the energy shock, with chip stocks rising and corporate earnings improvements offsetting oil price pressures. He pointed out that the AI sector still faces short-term risks of overvaluation and crowded positions, but in the long run, the mining power, energy, and data center construction cycle is just beginning. As for gold, he believes that gold is not merely a war hedge asset; the main drivers of its rise in recent years have been continuous gold purchases by global central banks and de-dollarization demand. Gold is essentially a tool to hedge against the long-term devaluation risk of the US dollar.

Regarding the crypto market, Garrett stated that the turning point occurred in October last year when crypto market liquidity began to dry up, and new capital significantly reduced. Some funds shifted to AI concept stocks, making them the new "crypto market." However, he believes that the current phase is more of a cyclical bear market stage, not requiring excessive pessimism. The next bull market still awaits the arrival of a new cycle.