Market cycle education: The halving is not a countdown to a rally.
Bitcoin halving reduces the subsidy for newly mined blocks, not all BTC available for sale on the market. Prices are also affected by demand, liquidity, leverage, and holders selling.
There are only a few past cycle examples, so you can’t conclude that “prices always rise a certain number of months after the halving.” When studying cycles, look separately at supply, capital flows, and valuation. Don’t treat the historical calendar as a trading instruction.#比特币 #Market cycles
Bitcoin halving reduces the subsidy for newly mined blocks, not all BTC available for sale on the market. Prices are also affected by demand, liquidity, leverage, and holders selling.
There are only a few past cycle examples, so you can’t conclude that “prices always rise a certain number of months after the halving.” When studying cycles, look separately at supply, capital flows, and valuation. Don’t treat the historical calendar as a trading instruction.#比特币 #Market cycles