ChainCatcher news, according to Diwan of CoinDesk Data, regarding the question of "what stage the cryptocurrency market is in the cycle," historically, Bitcoin's most significant price appreciation occurs between the 500th and 720th day after the halving. Diwan mentioned that in the cycles of 2016 and 2020, Bitcoin peaked within this window. "If this pattern repeats, then we should pay attention to the potential acceleration in price increases between Q3 2025 and early Q1 2026, which appears to be significantly more subdued compared to previous post-halving periods."
ChainCatcher news, according to Hougan of Bitwise Asset Management, the four-year cycle has ended, but to officially declare its death, Bitcoin needs to perform well in 2026, which he expects will happen. In an email comment, Hougan said, "I don't think we have eliminated volatility, but I believe that, firstly, the forces that historically caused the four-year cycle are weaker than in the past; secondly, there are other very powerful forces developing on different timelines, and I believe these forces will overwhelm our four-year cycle trend."