The crypto market is experiencing significant changes. Tracking the classic cyclical nature has become challenging, and the uniqueness of the current state fuels debates among experts.
Bitcoin and Stability: A New Picture
Bitcoin halvings have always been perceived as significant events that foster market growth. However, as Polygon co-founder Sandeep Nailwal claims, the old model is getting tired. The rise of institutional players coupled with the market's maturity makes fluctuations less volatile, and presumed surges become more gradual.
Analysts Debate: End or Transformation of the Cycle?
Many analysts still believe in the 4-year cycle, but market realities call this into question. According to Miles Deutscher, interest in different cryptocurrencies has become more distributed, and growing leverage and financial derivatives complicate the previous simplicity of cycle understanding.
Perspectives: New Benchmarks in a Changing Market
The market of 2025 is significantly different from previous ones. Institutional investors and derivatives have a huge impact on market dynamics. Rates remain high, and liquidity is low. Yet, volumes do not collapse, and BTC's dominance is at record levels.
The once-clear models of crypto cycles are under scrutiny. Investors will need to adapt to new realities, taking into account more complex economic data and market trends.
