Contrarian bulls might be taking some heart as at least one well-followed analyst is throwing in towel on his hefty year-end price target for bitcoin (BTC). "While bitcoin’s structural investment case remains strong, cyclical dynamics have evolved," Alex Thorn, head of research at Mike Novogratz's Galaxy Digital, wrote in a Wednesday morning note to clients. Taking note of whale distribution, fading interest in BTC-adjacent investments, rotation to competing investment narratives like gold, artificial in ...