Is the Bitcoin Four-Year Cycle Still Valid in 2025? A Statistical and Institutional Perspective
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最新报道：Bitcoin's four-year cycle, historically driven by halving events, is being challenged by institutional adoption and macroeconomic factors in 2025. The asset reached an all-time high of $124,290.68 days earlier than average, followed by an 11.8% correction. Institutional inflows, including $289.8 million into BlackRock's ETF in September, have absorbed 690,000 BTC, exceeding post-halving supply. Multi-factor models now project a $150,000–$200,000 price apex by Q2 2025, emphasizing M2 money supply correlations over halving cycles.
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