According to BlockBeats, Markus Thielen, director of research at 10x Research, stated that although the traditional four-year cycle of Bitcoin continues to exist, the factors driving it have ceased to be primarily centered around halving events and have become influenced by political issues, liquidity environment, and electoral cycles.
Bitcoin recorded historical peaks in 2013, 2017, and 2021. However, this year, even after recent reductions in interest rates by the Federal Reserve, the asset has not managed to resume a consistent upward movement. This occurs because institutional investors have taken a predominant role in the crypto market, adopting a more cautious stance. With the Fed's guidelines still undefined and global liquidity more restricted, the flow of capital to the market has noticeably slowed, reducing the strength needed to sustain significant price breakouts.
