Bitcoin has officially broken its traditional 4-year halving cycle for the first time since the inaugural halving in 2012. In 2025, the post-halving year,
$BTC recorded a -6.33% annual return, dropping from an opening price of $93,425 to $87,509, even after reaching an all-time high of $126,198 in October.
This marks a significant departure from historical patterns, where post-halving years delivered explosive gains: 5,537% in 2013, 1,349% in 2017, and 57% in 2021. The break could be attributed to evolving market factors, including heightened regulation, shifting institutional interest, and global economic pressures.
Analysts remain divided, with some forecasting a potential recovery in 2026 amid ongoing adoption trends.
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