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nasrah
Is the 4-year Bitcoin cycle broken?
I think the old cycle model is losing its edge.
$BTC made a new ATH before the halving. Spot ETFs changed the capital structure. Institutions don’t trade a 4-year clock, they trade liquidity, rates and macro.
The halving still matters, but it doesn’t have the same impact on a trillion-dollar asset it once did.
I’m not saying the cycle is dead.
I’m saying Bitcoin is becoming a macro asset, and this cycle may not follow the old script.$BTC
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