Ah, Bitcoin’s halving event. Once upon a time, it was as predictable as a cuckoo clock in a Swiss chalet. Traders would rub their hands together, waiting for the price rally to follow like clockwork. But in 2024? Oh, dear reader, the script flipped faster than a pancake on a Sunday morning. For the first time ever, Bitcoin’s price surged before the halving-like some sort of financial time traveler. 🕰️💰
Derivatives trading experts (yes, those wizards in suits) told BeInCrypto that this pre-halving price surge is likely here to stay. Bitcoin has grown up, left its rebellious teenage years behind, and moved into the world of institutional finance. The days of retail-driven cycles are fading like a cheap tattoo in the sun. ☀️📉
The Four-Year Cycle: RIP or Just Napping? 😴
Since Bitcoin’s creation in 2008, it had followed a neat four-year cycle. Picture it like a cosmic dance choreographed by Satoshi Nakamoto himself. Every four years, the block reward for miners would halve, creating scarcity and driving prices up. In past cycles, Bitcoin would rally leading up to the halving, then hit its all-time high months after. It was beautiful, predictable, and oh-so-comforting. 🎭📈
A color study of bitcoin’s 4-year cycle.
–Will the pattern continue?
Has it already broke?– apsk32 (@apsk32) July 6, 2024
But 2024 decided to throw a wrench in the gears. Bitcoin hit a new all-time high weeks before the halving in April. Imagine waiting for your birthday cake only to find someone ate it in January. 🎂💥 This wasn’t the “buy the dip” strategy everyone knew and loved-it was something entirely new.
And why not? Bitcoin isn’t some scrappy underdog anymore. It’s hobnobbing with hedge funds, corporate treasuries, and even nation-states. Its unpredictability now makes perfect sense. After all, when you’re invited to the big leagues, you don’t show up wearing sneakers. 👔🌍
Who’s Behind This Pre-Halving Shenanigan? 🕵️♂️
The March 2024 price spike wasn’t fueled by your average Joe buying crypto with his lunch money. No, this was the work of what Gordon Grant-a former Genesis bigwig and derivatives guru-calls “top-tier allocators.” These aren’t just any investors; they’re the heavy hitters. Corporate treasuries, institutional funds, and maybe even a rogue billionaire or two. 💼💸
The four year #Bitcoin cycle is dead, IMO.
This time is different:
1. $MSTR buying the entire new supply
2. $MSTR copy-cats/other corporate buyers
3. Nation states buying/establishing $BTC reserves
4. Generational shifts: Baby boomer money is coming through ETFS
5. Massively…– Mark Harvey (@thepowerfulHRV) November 15, 2024
Unlike your average retail trader, these folks aren’t in it for a quick buck. They’re playing the long game, treating Bitcoin like a fine wine meant to be aged. Grant explains it like this: these institutions are hoarding Bitcoin like dragons guarding treasure, hoping to multiply their riches over time. 🐉💎
“In some sense [this] represents an approach to the apotheosis of the financialization of the digital commodity,” Grant added. (Yes, he actually said “apotheosis.” Look it up-it’s fancy.)
In short, Bitcoin’s pre-halving peak was the result of institutional demand. These big players flooded the market with so much capital that prices shot up before the halving could even say, “Boo!” 👻📈
The Halving: From Hero to Zero? 🦸♂️➡️🤷♂️
For years, the halving was Bitcoin’s North Star, guiding traders through the murky waters of market speculation. But now? Not so much. According to Grant, the market has wised up. Investors no longer wait for the halving to make their move-they see it coming from miles away. 🌅🧐
“As is true with other alpha signals in many markets, the signaling around the halving has begun to be pre-traded, anticipated and more efficiently factored into investment decisions,” he said. Translation: the surprise party is over. 🎉❌
This shift means Bitcoin is now more influenced by global liquidity cycles than its own internal programming. Joshua Lim of FalconX put it bluntly: “Bitcoin is driven much by the global liquidity cycle than the halving cycle these days.” So, while the halving still exists, it’s become less of a rock star and more of a backup singer. 🎤🎶
Bitcoin Joins the Grown-Up Table 🍽️
With institutions piling in, Bitcoin is no longer the wild child of the financial world. It’s now a macroeconomic barometer, moving in sync with traditional markets. As Joshua Lim noted, Bitcoin behaves more like gold now-a proxy for global liquidity and USD weakness. 🪙🌐
Is the Bitcoin 4 year cycle still intact, boss?
There is no Bitcoin 4 year cycle, son
Bitcoin was released into the wild at the end of a secular bear market. So let’s talk real cycles, instead of 4y cycles in an echo chamber called crypto
You can be just an investor, or a…
– Cristian Chifoi (@ChifoiCristian) July 23, 2025
This transformation means Bitcoin’s price is now tied to broader economic forces. Central bank policies, inflation rates, and global liquidity will likely play a bigger role than ever before. It’s like Bitcoin went from being a lone wolf to joining a pack of wolves-all baying at the moon of macroeconomics. 🐺🌕
What’s Next for Bitcoin? 🧠✨
So, is the four-year cycle truly dead? Or has it just evolved into something more complex? According to Grant and Lim, it’s the latter. Bitcoin’s halving event hasn’t disappeared-it’s simply morphed into a more nuanced phenomenon driven by institutional players. 🦋💼
This shift marks Bitcoin’s transition from a speculative asset to a legitimate financial instrument. Investors must now focus on macroeconomic indicators rather than clinging to outdated patterns. And who knows? Maybe Bitcoin’s next chapter will be even more exciting than its chaotic past. After all, in the world of crypto, nothing stays the same for long. 🌀🚀
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2025-08-15 15:59