Garrett Jin, known as the "1011 insider whale," asserts that the current Bitcoin market is fundamentally different from 2022, making it premature to adopt a bearish stance. Jin highlights key differences in long-term price structure, macroeconomic conditions, and investor composition. He notes that the macroeconomic environment has shifted from high inflation and interest rate hikes to easing conditions, with declining CPI and interest rates, and a potential long-term deflationary cycle driven by AI advancements. Jin emphasizes that the current market is characterized by institutional stability, with Bitcoin ETFs attracting long-term holders, reducing volatility from historical levels of 80-150% to 30-60%. He argues that a repeat of the 2022 bear market would require simultaneous inflationary shocks, renewed interest rate hikes, and a significant price drop below $80,850, conditions he deems unlikely at present.