Analyst Predicts End of Bitcoin’s ‘Parabolic’ Rallies

The primary cryptocurrency will no longer exhibit ‘parabolic’ rallies or ‘devastating’ bear cycles, as institutional investors have altered market dynamics and reduced volatility, according to Blockware analyst Mitchell Askew.

BTC/USD looks like two entirely different assets before and after the ETF

The days of parabolic bull markets and devastating bear markets are over

BTC is going to $1,000,000 over the next 10 years through a consistent oscillation between “pump” and “consolidate”

It will bore… pic.twitter.com/JlyKpLei65

— Mitchell Askew ✝️🇺🇸🌞 (@MitchellHODL) July 25, 2025

“BTC/USD before and after the ETF launch looks like two entirely different assets,” the expert noted.

In his view, over the next ten years, Bitcoin will rise to $1 million through constant oscillations between ‘pump’ and ‘consolidation’. This will ‘bore everyone to death’ and drive ‘tourists out of positions’, Askew believes.

Bloomberg exchange analyst Eric Balchunas agreed with the statement, adding that reduced volatility ‘helped Bitcoin attract bigger fish and gave it a real chance at adoption as a currency’.

According to the expert’s observations, since BlackRock filed for a Bitcoin ETF in June 2023, digital gold has risen by approximately 250%, while volatility has significantly decreased.

“And there have been no nauseating drawdowns. […] Downside: there will probably be no more ‘god candles’. You can’t have it all,” Balchunas concluded. 

Meanwhile, Bitcoin ETFs continue to show positive dynamics, although during the past trading week (July 21-25) there were several consecutive days of outflows amid a slight market correction.

The total inflow since the launch of the instruments amounts to $54.82 billion.

Earlier, Bitwise’s Chief Investment Officer Matt Hougan concluded that four-year cycles for Bitcoin are no longer relevant.

CryptoQuant’s founder and CEO Ki Young Ju acknowledged the inadequacy of the first cryptocurrency’s cycle theory under current conditions. The analyst apologized for his previous erroneous forecasts.