2025 sideways market.

The year 2025 is truly unique for the market - we did not experience significant growth or significant decline, but essentially we remained in a sideways market all year, even despite the new ATH updates. $BTC has fallen by 35% from its peak in October and is trading at approximately the same levels it started the year 2025.

This strongly disrupts potential cycles, as we either have a year of decline or a year of strong growth. It is quite possible that we need to reconsider the potential structure of cycles.

There are many reasons - ranging from ETFs and centralization to gradual regulation and increased interest in the asset worldwide.