Analysts: The impact of the BTC supply shock is now negligible, and its future trend will follow the global macro market.
On October 14, analyst Willy Woo stated that the so-called “super cycle” (SUPERCYCLE) essentially refers to BTC breaking from its historical four-year cycle pattern to instead track global macroeconomic market performance.
Willy Woo pointed out that historically, no asset other than BTC has followed a programmed cyclical pattern. Currently, BTC’s supply shock is negligible and can no longer exert a decisive influence on the market. Therefore, moving forward, BTC’s price movement will primarily depend on the global macroeconomic environment.
