Those who keep talking about Bitcoin’s 4-year cycle, please stop that cycle is gone. And no, we’re not entering a multi-year bear market.
$BTC is still the market leader, and what you’re seeing right now is simply long-term holders taking profits, which naturally slows the price down.
Since last year, every time long-term holder supply goes down, Bitcoin dips as well.
It happened in April, in August, and it’s happening again now. These are just distribution phases. Once enough long-term holders have taken profit, Bitcoin will be freed up and will move higher again.
The reason this price move i