Analyst Suggests Bitcoin’s Current Cycle Mirrors a Traditional IPO Transition
Bitcoin’s price consolidation may not signal weakness but rather a structural shift in ownership, according to macro analyst Jordi Visser, who compares the current phase of Bitcoin’s market cycle to an initial public offering (IPO) in traditional finance.
Visser noted that long-time holders are gradually moving their coins, allowing new investors to accumulate Bitcoin at steady intervals. “Not all at once. Not in panic. But steadily,” he said, describing this trend as a healthy sign of market maturity.
“In the traditional world, this is the IPO moment — when early believers cash out and long-term investors step in,” Visser explained. “The excitement of concentration is being replaced by the durability of distribution. This is Bitcoin having its IPO.”
Bitcoin Price Holds Range Amid Ownership Transition
Bitcoin has traded sideways between $106,000 and $116,000 over the past week, showing strong support despite broader market rallies. Visser said this price behavior mirrors post-IPO consolidation periods, where early investors sell their holdings and new institutions slowly build positions.
“The result? A sideways grind that drives everyone crazy,” he said. “The fundamentals are fine. The broader market is rallying. But the stock just sits there.”
This consolidation, he added, signals a transfer of ownership from early adopters to more diversified investors — a process that typically reduces volatility in the long term.
Investor Confidence Remains Despite Short-Term Pressure
Despite short-term “fear” readings on the Crypto Fear & Greed Index, underlying fundamentals remain robust. Bitcoin’s network hashrate continues to hit record highs, ETF approvals are advancing, and stablecoin adoption is expanding — all indicators of sustained confidence in the asset.
“In a bear market, there are no buyers. But look at what’s happening: Bitcoin is consolidating, not collapsing. Every dip gets bought,” Visser emphasized.
He believes the “IPO phase” could last six to eighteen months, after which volatility should decrease and institutional participation could deepen.
“Bitcoin’s current frustration phase,” Visser concluded, “is not a sign of failure — it’s the process of graduation. The asset is evolving from a revolutionary idea into a durable, widely held monetary system.”
Bitcoin’s silent transformation may mark the foundation for its next major rally — once the IPO-like distribution phase is complete.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.