#比特币传统四年周期已终结？

Bitcoin has long been known in the cryptocurrency market for its cyclical price fluctuations, usually in a four-year cycle. Conventional wisdom holds that this is closely tied to Bitcoin's block reward halving event. Each halving results in a reduction in Bitcoin supply, which puts upward pressure on prices. However, recent market performance and macroeconomic factors suggest that this four-year cycle pattern may be changing. With the entry of institutional investors, global economic uncertainty, and the rise of other cryptocurrencies, the market has become more complex and diverse. No longer driven by a single factor, Bitcoin prices may enter a new, more resilient volatility pattern. This means that investors need to adjust their strategies and focus on broader market dynamics rather than just historical cycles. Analyzing this changing trend will help better understand the direction of the Bitcoin market in the future.