Bitcoin's Halving Impact Overshadowed by Institutional Influence

Bitcoin's Halving Impact Overshadowed by Institutional Influence

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The article highlights how Bitcoin's predictable four-year cycle and the supply shock from its halving events are increasingly being overpowered by institutional market dynamics. This suggests a shift from traditional halving-driven narratives to more complex institutional controls influencing Bitcoin's performance.

Bitcoin’s four-year cycle used to be a comfort blanket. Even people who claimed they didn’t believe in it still traded as they did. The halving would cut new supply, the market would spend months pretending nothing happened, then liquidity would show up, leverage would follow, retail would rediscover its password, and the chart would start.