Experts are questioning the validity of Bitcoin’s traditional four-year bull and bear cycles, which were historically linked to halving events. Jason Williams, author and investor, noted that top Bitcoin holdings by corporations currently hold nearly one million Bitcoin, suggesting a potential departure from established patterns. Matthew Hougan, chief investment officer at Bitwise Asset Management, echoed this sentiment, although the cycle’s conclusion until 2026 remains uncertain. However, others, including Harry Collins of Bluefin community lead, predict an upcoming market peak in October, hinting at a shift away from the historical pattern. Pierre Rochard, CEO of The Bitcoin Bond Company, agrees with the notion that these cycles might be waning as Bitcoin’s mining has largely concluded, emphasizing demand driven by retail, ETPs, and treasury companies rather than halvings.