Glassnode's recent analysis suggests Bitcoin's four-year halving cycle remains relevant, potentially leading to a price peak in October. According to Coin Telegraph, their report highlights that "BTC's price movement is showing a pattern that has not deviated significantly from the halving cycle." The analysis points to current profit-taking behavior among long-term holders mirroring past cycle endings. Simultaneously, the influx of capital from spot Bitcoin ETFs appears to be decelerating. This combination of factors supports the prediction of a potential peak formation around October. While the traditional halving cycle suggests a predictable pattern, Coin Telegraph notes that institutional demand and ETF inflows could potentially alter the established cycle. The influence of these new market forces warrants close monitoring as the Bitcoin market evolves. ```

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