$BTC $BNB Is the four-year cycle of Bitcoin still effective? Has the rhythm really changed!
In the past, halvings led to historical highs, why has it cooled down this year? Markus, head of 10x Research, recently pointed out the key: the cycle is still there, but the logic has changed—now the market is dominated by institutional funds, which are much more cautious than retail investors. The Federal Reserve's interest rate cut signals are wavering, and as liquidity tightens, the speed at which large funds enter the market slows down, naturally leading to insufficient momentum for breakthroughs.
So don't rush to call it a "skyrocketing market" right now. Before liquidity truly warms up, it is highly likely to continue moving in a range, consolidating sideways. It's neither a bull nor a bear market, it's a waiting period.
What do you think? Will this cycle be delayed, or is it quietly gathering strength? Let's chat in the comments!pupp#加密市场反弹 ies#ETH走势分析 $ETH
