#TrumpTaxCuts

BTC has only risen 43.4% since the fourth Halving, far below the market performance after the previous three Halvings.

Since the fourth Halving of BTC in April 2024, the BTC price has only risen by 43.4%, far lower than the increases of 7,000%, 291%, and 541% recorded after the previous three halvings, marking the worst performance of BTC after a Halving.

Analysis points out that factors such as macroeconomic uncertainty, Trump's trade policies, ETF fund outflows, and changes in market structure have collectively weakened the pump effect brought by the Halving.

In addition, as the BTC market matures, price volatility has decreased, with its 60-day volatility dropping from 200% in 2012 to the current approximately 50%, indicating that future trends may exhibit greater stability but limited rise.

So it's understandable how the imitation has become what it is now.