Today is the 60th day of the bear market.

The bull market for Bitcoin has ended, and we have now entered a bear market.

The peak of this bull market occurred on 2025/10/06, with the price of Bitcoin at 126,000. I also do not wish to speak negatively about my career, but according to the "four-year cycle theory," the price of Bitcoin has indeed peaked. I just want to convey this fact to more newcomers who have entered this cycle.

In my opinion, the "Bitcoin halving" has the greatest impact on the price of Bitcoin; it is much larger than any other event (macroeconomics, regulatory policies, geopolitical issues, wars, pandemics, etc.). The four-year cycle theory is a cyclical theory that revolves around Bitcoin halving, and it is currently the most reliable cyclical theory in the cryptocurrency space, without exception.

The core of the four-year cycle theory is: "Bitcoin halving" dominates the rhythm of Bitcoin's bull and bear transitions, dividing the fluctuations of a Bitcoin bull and bear cycle into 4 parts, which are:

Bull Beginning >> Halving >> Bull End >> Bear Market

Before the "halving," there will be a "Bull Beginning,"
After the "halving," there will be a "Bull End,"
The "halving day" will be interspersed in the "middle region" of the entire bull market,
The duration of the "Bull Beginning" and "Bull End" is basically similar,

After the "Bull End," there will be a bear market lasting 1 year, and then we will wait for the next "halving day" to drive the next "Bull Beginning" market, and so on, ad infinitum.

From the diagram below, we can see that the "Bull End" of this round has already concluded, and we have officially entered the "Bear Market" zone. Even if the date I mentioned may not be absolutely accurate, there is no need for us to continue betting in this zone.