The 4-year cycle of Crypto has changed – and those who do not adapt will be left behind

In the past, crypto ran according to the plan: halving → pump → FOMO → crash → hibernation. A 4-year cycle was predictable. But the world has now turned a new page. Bitcoin is no longer just “digital gold”, Crypto has expanded into a parallel financial system: stablecoins, tokenization, DeFi, digital identity, prediction markets, DePIN, decentralized AI… and large organizations jumped in as a lever to completely change the market rhythm.

The biggest difference? The cycle is no longer simply driven by halving – it is dominated by global liquidity and institutional money flow.

US ETFs reach a volume of 10–12B USD/day; this is not a game of experience or emotions, but a long-term strategy accumulation machine. Tether pumps liquidity, USDC inflow increases sharply every time the price turns red. Whales borrow ETH to pump the price and then collect it. Order books are still thick, institutions have not left the table. Hashprice has bottomed – a classic signal before big bounces after miner capitulation. ETF Realized Price around 79–80k is the area that institutional capital always protects.

So the recent dumps are not “cycle end”, but a process of reset – redistribution – cleaning leverage, exactly like the phases of 2016 or 2020, but on a much larger scale.

Crypto today no longer lives on retail sentiment. It lives on cash flow, data and strategies of national and corporate players. The 4-year cycle is not gone – it just evolved into a new complex cycle: driven by liquidity structure, by ETFs, by RWAs, by stablecoin flow, by privacy and on-chain AI.