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may detach from the traditional four-year cycle

‏Grayscale indicates that Bitcoin may be on its way to breaking the historical model based on the four-year cycle (halving).

‏The reason?

‏🏦 Institutions have become the largest player

‏🧍‍♂️ and the impact of retail has begun to decline in shaping long-term trends

‏📈 Institutions are moving through:

‏• ETF funds

‏• Corporate treasuries

‏• Hedging strategies

‏• Billions of dollars in flows

‏⚡️ The potential outcome:

‏Bitcoin may become more correlated with global liquidity and institutions,

‏and less correlated with the old retail cycles that governed the market.

‏The question now:

‏Are we facing an entirely new model for Bitcoin behavior?

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