10x Research: The four-year cycle of Bitcoin has not disappeared; it's just that the core driving factor is no longer anchored to the halving event.

According to Odaily Planet Daily, Markus Thielen, Head of Research at 10x Research, stated in a recent interview that Bitcoin's "four-year cycle" hasn't disappeared; it's just that the core driver is no longer anchored to halving events. The Bitcoin market reached historical peaks in 2013, 2017, and 2021. This year, despite the recent interest rate cuts by the Federal Reserve, Bitcoin hasn't regained its strong upward momentum. This is because institutional investors, while now the dominant force in the crypto market, are making more cautious decisions. With the Fed's policy signals still wavering and overall liquidity tightening, the pace of capital inflows has slowed significantly, weakening the momentum needed for a sustained price breakout. Until liquidity improves significantly, Bitcoin is more likely to maintain range-bound trading and consolidation rather than quickly entering a new round of parabolic upward movement. (Cointelegraph)