Does the four-year cycle of Bitcoin still exist? A cautious attitude from institutions is the key

【CryptoWorld】The “Four-Year Cycle” of Bitcoin has not disappeared; only the driving forces have changed.

Looking at historical data makes it clear: in 2013, 2017, and 2021, Bitcoin reached all-time highs. Many people associate this cycle with halving events, but now the situation is much more complex.

This year, the Federal Reserve is cutting interest rates. Theoretically, easy liquidity should be beneficial for Bitcoin, but what’s the result? The price has not surged strongly. Why? The key is that institutional investors have become the market’s decision-makers. But these institutions are different from retail investors—they are more cautious and have longer decision-making chains.

The Federal Reserve’s policy signals are still uncertain, and overall liquidity remains tight, which naturally slows down the pace of institutional entry. Without sufficient capital to support the momentum, the price lacks the necessary energy to break through.

Therefore, in the short term, Bitcoin is more likely to fluctuate within a certain range, and sideways consolidation will continue. If you want to see a new parabolic surge, you’ll have to wait until the liquidity environment significantly improves.