Most people think Bitcoin's ( $BTC ) 4-year cycle is dead.
The data suggests it's simply maturing.
As Bitcoin ($BTC ) has grown into a multi-trillion-dollar asset, the extreme moves of the past have started to moderate. The upside is becoming less explosive, but the downside is becoming less severe as well.
Previous bear markets saw drawdowns of roughly 93%, 86%, 84%, and 77%.
This cycle, Bitcoin has declined about 53% from its peak so far, significantly less than previous downturns.
The pattern hasn't disappeared.
It's evolving.
Bitcoin is becoming a larger, more liquid asset, and with that comes lower volatility over time.
With the next halving less than two years away, the long-term cycle that has defined Bitcoin for more than a decade still appears to be very much alive.
Nearly $700 billion in market value has been wiped out in just one week from $SPCX
$SPCX has been hammered, falling almost 47% from its all-time high as investors reassess valuations and brace for a potential increase in share supply.
What looked unstoppable just days ago is now facing intense selling pressure.
The sharp decline is a reminder that when valuations run too far, too fast, even the strongest narratives can experience brutal corrections.
From market darling to major pullback in a matter of days.
That's how quickly sentiment can change on Wall Street.
🚨Alert: Bhutan has transferred $34.61 million worth of Bitcoin ( $BTC ) to Binance, including $18.26 million from wallets linked to the country's sovereign holdings.
Following the move, Bhutan's Bitcoin reserves stand at approximately $113.69 million.
The Royal Government of Bhutan also deposited another $34 million in $BTC to Binance today.
More selling pressure appears to be hitting the market.
Is Bhutan preparing to offload the remainder of its Bitcoin holdings?