Bitcoin’s Four-Year Cycle: Is It Breaking Down Amid Market Volatility?

Bitcoin prices have been experiencing significant volatility, prompting debate among analysts regarding the validity of its four-year market cycle. Short-term holders are selling heavily, indicated by a declining Short-Term Holder Spent Output Profit Ratio (STH-SOPR) and the dropping STH-MVRV. This suggests traders are exiting at losses, a behaviour usually seen in panic and fear driven sell-offs.