$BTC ended 2025 🥺🥺🥺lower than it began, marking the first time in history that the year after a halving closed in negative territory — breaking the classic post-halving pattern of rising to new highs.
😥😥😥
Why analysts say the 4-year cycle “died”:
Traditional cycles assumed halving → supply shock → major price rally the next year. That pattern didn’t replay after the 2024 halving.
Some market participants (including prominent analysts and crypto execs) argue this is due to structural changes like institutional flows, ETFs, macroeconomic sensitivity, and liquid markets that don’t sync with a fixed timeline.💯💯💯
High-profile voices like Bitwise executives and others have publicly proclaimed the cycle dead.
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