比特币

Bitcoin 4-Year Cycle Structure – Technical Breakdown

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Bitcoin 4-Year Cycle Structure – Technical Breakdown

This chart examines Bitcoin’s historical 4-year cycle behaviour, focusing on the repeating market structure observed across the last three cycles: Bull Market → Bear Market → Accumulation/Recovery → Halving → Expansion.

Key Observations:
🔹 Cycle Timing Consistency
Each of the past three cycles has shown a consistent duration between the halving and the final bull market peak—typically between 500–550 days. Based on that timing, the current cycle suggests we are still ~100 days away from a potential macro top.

🔹 Post-Halving Correction is Expected
Corrections shortly after the halving have historically marked mid-cycle retracements, not macro tops. The current pullback is structurally aligned with the 2017 and 2021 expansions, where Bitcoin consolidated before pushing to final highs.

🔹 Altcoin Market Segments Lagging

TOTAL2 (Total Market Cap excluding BTC)

TOTAL3 (Excluding BTC & ETH)

OTHERS (Altcoins excluding top 10 by market cap)

All remain below their prior cycle all-time highs, which historically occurs before the full market cycle concludes. These segments often accelerate after BTC has established dominance, typically in the later stages of the bull market.

🔹 USDT Dominance Suggests More Upside
USDT.D is still trending down, which historically reflects increasing risk appetite and capital rotation into crypto assets. Prior cycle tops have aligned with much lower dominance levels, indicating further downside risk for USDT.D, and potential upside for crypto markets.

Conclusion:
Despite short-term volatility, the technical structure across Bitcoin and broader market indicators suggests the cycle remains in its expansion phase. Timing models, altcoin lag, and dominance signals all point to further upside potential before a full cycle peak is in.

1W: 快照

快照

1M: 快照

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