比特币超级周期

Hello, friends in the crypto community! Recently, ARK Invest CEO Cathie Wood reiterated an inspiring viewpoint during an interview with Fox Business: the traditional four-year cycle of Bitcoin is being completely broken! She believes that the continuous entry of institutional investors is leading Bitcoin from an era dominated by retail investors and extreme volatility towards a more stable and lasting 'super cycle.'

In the past, Bitcoin's price was greatly influenced by halving events, with a cycle of bull and bear markets every four years: prices surged after halving, followed by deep corrections of 70-80% after the peak. However, Wood pointed out that this pattern is no longer applicable. Since the approval of the Bitcoin ETF in the U.S. in 2024, over $100 billion has flowed in, with massive trusts managed by giants like BlackRock. At the same time, more than 70 listed companies have incorporated Bitcoin into their balance sheets, with MicroStrategy holding over 660,000 BTC. This influx of institutional capital has significantly reduced volatility: the 90-day realized volatility has dropped below 40%, and the maximum correction in this cycle was only 26%, far below historical levels.