BlockTower founder: We are currently in the early stages of the bull market, and recent buyers are mostly institutions rather than retail investors

Odaily News Ari Paul, founder and CIO of digital asset investment company BlockTower, posted on the X platform that we are currently at the front end of the overall bull market (i.e., about 70%, or 66%). Recent buyers are preparing for a 6-12 month rise, more "institutional" than retail speculation. He personally expects the market to have a fairly "gradual" rebound at this stage, and may see BTC at $90,000 or even $125,000. Retail participation will gradually increase, bringing with it rising leverage and volatility. At present, buying the right assets and holding them for the next few months may be the wisest strategy. In the later stages of the bull market, more aggressive trading will be rewarded.