Grayscale Says Bitcoin Cycle Not Near a Peak Yet
@Grayscale’s latest research suggests that #Bitcoin may not currently exhibit the extreme conditions associated with prior market-cycle peaks. The firm argues that the market structure and drawdown profile today differ from the extremes observed at earlier tops.
According to the report, structural shifts in the market such as ETF demand, growing institutional participation and a more mature liquidity environment may influence #Bitcoin’s traditional four-year cycle pattern.
#Grayscale adds that the present cycle could run longer than previous ones, and that supportive fundamentals may create conditions for new highs over the next year if broader market trends remain favorable.
