Willy Woo: Bitcoin may break out of its 4-year cycle and track macro trends
- —Woo: halving supply shock is fading, so the 4-year cycle may give way to macro trends
- —Some early holders sold BTC on memories of past bear markets
- —Metrics have not yet reached typical bear-market levels
- —Bitcoin deleveraged ahead of US stocks, a rare case since 2017
Why it matters: If the halving cycle loses its grip, Bitcoin will trade more on Fed rates and global liquidity than on its own supply schedule.
Source: TokenPost