Mauer_Trader
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Why is this Bitcoin cycle completely different from the previous ones?
Introduction
In previous Bitcoin cycles, the structure was almost predictable: the halving reduced supply, the market gained traction, retail entered in mass, and the new all-time high appeared within a relatively stable pattern.
But this cycle broke those models.
Not only did the price behavior change; the market mechanics changed. The flow changed, the dominant agent changed, the macro changed. Therefore, analyzing 2025 through the lenses of 2017 or 2021 can lead to dangerous conclusions.
In previous Bitcoin cycles, the structure was almost predictable: the halving reduced supply, the market gained traction, retail entered in mass, and the new all-time high appeared within a relatively stable pattern.
But this cycle broke those models.
Not only did the price behavior change; the market mechanics changed. The flow changed, the dominant agent changed, the macro changed. Therefore, analyzing 2025 through the lenses of 2017 or 2021 can lead to dangerous conclusions.
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