BlockBeats News, on January 1st, Bitcoin closed the year at a lower price than at the beginning of 2025, marking the first time in history that a yearly decline has been recorded in the year following a halving. This has sparked intense discussions in the market about whether the “Bitcoin four-year cycle” has come to an end. Although the latest halving occurred in April 2024, BTC previously hit a historical high of $126,000 on October 6th, but then experienced a significant correction, currently down over 30% from the peak, with the annual performance weakening. Analysts point out that after the 2012, 2016, and 2020 halvings, Bitcoin all-time highs were reached in the following year, but this pattern has not continued in this cycle. Vivek Sen, founder of Bitgrow Lab, straightforwardly states that Bitcoin’s decline in the year after halving means the “four-year cycle is officially dead.” Investor Armando Pantoja believes that the addition of ETFs, institutional funds, and corporate balance sheets has shifted Bitcoin away from retail sentiment dominance, making it more influenced by macro factors such as liquidity, interest rates, regulation, and geopolitical issues. However, there are differing opinions. Markus Thielen, head of research at 10x Research, says that the four-year cycle still exists but is no longer driven solely by “programmatic halving,” instead unfolding in a new form. Divergences in the market’s view of Bitcoin’s long-term cycle structure continue to widen.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
UTXO Management Launches Dual-Category Digital Credit Yield Funds
UTXO Management announced the formation of the UTXO Preferred Income Strategies LP, issuing a dual-class digital credit income fund, divided into a senior income class and a total return class. The former seeks steady cash flow, monthly distributions, and enjoys priority allocations; the latter uses leverage to pursue capital appreciation. It also issued STRC preferred securities, combining fixed-income and digital asset exposure, offered only in a private placement to qualified investors.
ChainNewsAbmedia53m ago
U.S. Military Confirms Bitcoin Node Operations as Multiple Nations Adopt Crypto for Statecraft
Gate News message, April 26 — Admiral Samuel Paparo, Jr., who leads U.S. forces across the Indo-Pacific, told a Senate panel that Bitcoin matters to national security. The Pentagon is running its own Bitcoin node and conducting operational tests to secure and protect networks using the Bitcoin
GateNews4h ago
Bitcoin Funding Rate Turns Negative at -0.0031%, Major CEXs Show Mixed Rates
Gate News message, April 26 — According to Coinglass, Bitcoin's 8-hour average funding rate across the network is currently -0.0031%, indicating a bearish sentiment among traders.
Among major centralized exchanges, funding rates vary: a leading CEX shows 0.0002%, another major CEX at -0.0004%, a th
GateNews7h ago
Whale Deposits 300 BTC Worth $23.4M to CEX After 2-Year Dormancy
Gate News message, a whale has deposited 300 BTC (valued at $23.4 million) into a centralized exchange after remaining inactive for 2 years. These 300 BTC were originally withdrawn from CEX 3 years ago when BTC was priced at $19,329. The whale is currently holding an unrealized profit of $17.6 milli
GateNews9h ago
Metaplanet Issues ¥8B Bonds To Expand Bitcoin Holdings
Metaplanet raises ¥8B through zero-coupon bonds to fund Bitcoin purchases without immediate interest burden.
Firm grows BTC reserves to over 40K coins, targeting 100K by year-end despite valuation-driven losses.
Strategy relies on debt financing as stock declines, reflecting risk amid
CryptoFrontNews9h ago
CryptoQuant Analyst: Bitcoin Must Hold Above $83K to Confirm Market Recovery
Gate News message, April 26 — According to CryptoQuant analyst Axel Adler, short-term holder (STH) selling pressure has notably eased following spring market stress relief, and Bitcoin's market recovery remains underway. Current BTC price has approached the short-term holder cost basis.
Adler
GateNews10h ago
