The Bitcoin four-year cycle has ended, replaced by a more predictable two-year cycle.The core of the new cycle is the cost basis and profit and loss situation of ETF holders. Fund managers face annual performance pressure, which may trigger concentrated buying and selling actions, forming a price turning point. This article is derived from a piece by Jeff Park, organized, translated, and written by ForesightNews. (Background: Texas in the U.S. invested $5 million to buy BlackRock's IBIT: DAT has cooled down, can SBR take over to reignite the Bitcoin bull run?) (Additional Background: Nobel Prize-winning economist warns: Trump's trades are failing, and the big dump of Bitcoin is the reason.) Bitcoin has historically followed a four-year cycle, which can be described as a combination of mining economics and behavioral psychology. Let's first review the implications of this cycle: each Halving mechanically reduces new supply and tightens miner profit margins, forcing weaker participants out of the market, thus reducing sell.
動區BlockTempo·2025-11-27 15:19