Bitcoin News: Bitcoin's 4-Year Cycle May Still Be Alive, Says Glassnode

Despite some market predictions suggesting that Bitcoin's historical four-year halving cycle is fading due to increasing institutional interest, on-chain analytics firm Glassnode reports that the current price action of Bitcoin still 'reflects previous patterns' and appears to be following its typical cycle.

Key Insights from Glassnode

Bitcoin's price movements continue to reflect its traditional four-year halving cycle.

Profit-taking among long-term holders (who hold BTC for more than 155 days) is comparable to previous euphoric phases, indicating that the market may be in a late stage of the cycle.

Capital flows into Bitcoin are showing signs of fatigue, with spot Bitcoin ETFs experiencing outflows of approximately $975 million over the last four trading days.

Since reaching a recent high of $124,128 on August 14, Bitcoin has corrected approximately 8.3%, trading close to $113,940 at the time of publication.

The decline in demand has pushed traders towards riskier bets, with open interest in major altcoins briefly reaching a record $60 billion before a $2.5 billion correction.

Glassnode suggests that if Bitcoin continues to follow its historical cycle, the market peak could arrive as soon as October 2025, which is consistent with previous cycles where peaks occurred 2-3 months after the current stage measured from the cycle low.