News

According to Artemis data, Tron recorded the largest stablecoin supply inflow in the past 24 hours, with a total amount reaching $1.4 billion. (Cointelegraph)

BlockBeats News, January 1 — Bitcoin closed 2025 with a price lower than at the start of the year, marking the first time in history that it has recorded an annual decline in the year following a halving event. This has sparked intense debate in the market over whether the “four-year Bitcoin cycle” has come to an end. Although the latest halving occurred in April 2024 and BTC once reached a historical high of $126,000 on October 6, it subsequently experienced a sharp correction, currently down more than 30% from its peak, with its annual performance weakening. Analysts point out that after the halvings in 2012, 2016, and 2020, Bitcoin hit new highs in the following year, but this pattern has not continued in the current cycle. Bitgrow Lab founder Vivek Sen bluntly stated that Bitcoin closing down in the year after a halving means the “four-year cycle is officially dead.” Investor Armando Pantoja believes that the introduction of ETFs, institutional funds, and corporate balance sheets means Bitcoin is no longer dominated by retail sentiment, but is instead more influenced by macro factors such as liquidity, interest rates, regulation, and geopolitics. However, there are differing opinions. Markus Thielen, Head of Research at 10x Research, stated that the four-year cycle still exists, but is no longer driven by the single factor of “programmatic supply reduction,” and is now unfolding in a new form. The divergence in the market over Bitcoin’s long-term cycle structure continues to widen.

BlockBeats News, January 1st. In 2025, Bitcoin closed at a price lower than the beginning of the year for the first time in history after a halving, leading to intense debate in the market on whether the "Bitcoin four-year cycle" has come to an end. Although the most recent halving occurred in April 2024, BTC had previously hit a historic high of $126,000 on October 6th, but then experienced a sharp pullback, with the price currently down over 30% from the peak, resulting in a weak annual performance. Analysts pointed out that after the halvings in 2012, 2016, and 2020, Bitcoin reached new highs in the following year, a pattern that did not continue in this current cycle. Vivek Sen, the founder of Bitgrow Lab, bluntly stated that Bitcoin's price decline in the year following the halving signifies the "official death of the four-year cycle." Investor Armando Pantoja, on the other hand, believes that the participation of ETFs, institutional funds, and corporate balance sheets has shifted Bitcoin away from being driven by retail sentiment to being influenced more by macro factors such as liquidity, interest rates, regulations, and geopolitics. However, there are differing opinions as well. Markus Thielen, the Research Director of 10x Research, stated that the four-year cycle still exists but is no longer driven by a single factor of "programmed reduction," instead evolving in a new form. The disagreement in the market regarding Bitcoin's long-term cycle structure continues to widen.