• halving under positive real interest rates • spot ETFs absorbing liquidity daily • much more institutional market If you analyze 2025 with the logic of 2017, you might be making a costly mistake. #HALVIN 📌 Full analysis in the article.
Why is this Bitcoin cycle completely different from the previous ones?
In previous Bitcoin cycles, the structure was almost **predictable**: the halving reduced supply, the market gained traction, retail entered en masse, and a new all-time high appeared within a relatively stable pattern. But this cycle broke these models.
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This is the first cycle of $BTC com:
• halving under positive real interest rates
• spot ETFs absorbing liquidity daily
• much more institutional market
If you analyze 2025 with the logic of 2017, you might be making a costly mistake.
#HALVIN
📌 Full analysis in the article.
But this cycle broke these models.