Golden Finance reports that according to data analysis company Glassnode's report, despite some market predictions suggesting that the increase in institutional investors may break this pattern, Bitcoin's recent price movements may still be following its historic four-year halving cycle. Glassnode pointed out in its market report that, from a cyclical perspective, Bitcoin's price movements resonate with previous patterns. Several signs indicate that the Bitcoin cycle may be closer to the later stage than the market expects: Long-term holders are taking profits: Long-term holders who have held Bitcoin for more than 155 days are taking profits, and their behavior is similar to past 'frenzy phases,' which further reinforces the impression that the market cycle has entered the later stage. Demand shows signs of fatigue: The capital inflow into Bitcoin 'shows signs of fatigue.' According to Farside Investors data, the spot Bitcoin ETF has seen a total outflow of approximately $975 million over the past four trading days. Price drop: Since reaching a new high of $124,128 on August 14, the price of Bitcoin has fallen by 8.3%, currently at $113,940 at the time of publication. Glassnode believes that if Bitcoin continues to follow its typical cycle, its peak may arrive as early as October. At the same time, Glassnode acknowledges that each cycle has its uniqueness and cannot guarantee that market behavior will completely follow a fixed time pattern.

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