Bitcoin Halving Cycle: No Longer the “Magic Wand”?

For years, Bitcoin [BTC] halving has been seen as

a catalyst for explosive price surges — a predictable supply shock that often sends prices soaring.

But this time, things seem different.

While previous halving cycles delivered exponential growth, the current post-halving phase is marked more by caution than excitement.

The numbers speak for themselves: profits are shrinking, price volatility is fading, and subtle but significant changes may be unfolding beneath the surface of the market.

Bitcoin is no longer simply reacting to supply shocks. Instead, it’s becoming increasingly sensitive to macroeconomic factors — especially inflation expectations and central bank policy.