Bankless: Why this Bitcoin halving cycle may be different

Original title: Why This Bitcoin Halving Cycle Could Be Different

Original author: David C, Bankless

Original compilation: Kate, MarsBit

Will Bitcoin stick to this plan? Or is its cycle changing?

The Bitcoin halving is 24 days away - a key event and catalyst for BTC in past cycles, which has tended to send it to new all-time highs.

Historically, halving events cut the new supply of Bitcoin in half, leading to significant price appreciation and new all-time highs as demand continues or grows , while new supply tightens.

Of course, we have reached some all-time highs, which has caused both excitement and unease in the market. If we reach these heights so early, will we also peak early?

Some people say yes.

Bob Loukas is an experienced Bitcoin trader and one of the earliest supporters of the Bitcoin 4-year cycle theory. He believes that the current cycle is It usually goes faster. His theory is that Bitcoin is in its final 4-year cycle, part of a broader 16-year pattern that new technologies follow.

This pattern is called "left translation period", that is, the periodic The top occurred just before the midpoint mark and would usher in a long-term bear market. Debate over this theory has taken up a lot of space on Twitter over the past few months.

With the halving just around the corner, let’s review Bitcoin’s cyclical behavior to see what’s different and what’s the same in this cycle