Institutional Giants Declare BTC Cycle Broken
The foundational 4-year cycle narrative for BTC is collapsing under the weight of institutional capital. We are witnessing a regime shift.
The old model, which relied on pre-determined halving shocks, failed when BTC printed a new all-time high *before* the 2024 supply cut. This is unprecedented. Major players like Grayscale and Bernstein confirm that traditional retail-driven volatility is being replaced by steady institutional accumulation.
Bernstein notes that even during 30% corrections, ETF outflows remain minimal, signaling strong long-term conviction. This absorption mechanism suggests a longer, slower, and more sustained bull market, eliminating the classic "blow-off top." While $BTC is recalibrating, altcoins, including $ETH, are lagging significantly, failing to replicate 2021-style ralliesโfurther evidence that the market structure has fractured.
JPMorganโs projection of $170K to $200K, potentially peaking in 2027, underscores the view that the apex is now years away, not months. The market has matured past the simple halving script.
This is not financial advice.
#Macro #Bitcoin #CycleShift #Institutional #Crypto
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