Analyst Willy Woo said on September 3 that Bitcoin could be moving toward a 6-to-8-year rhythm tied more closely to traditional finance’s short-term debt cycle than to its halving schedule. The April 2024 halving cut the block reward to 3.125 BTC, representing roughly 0.82% of current circulating supply. Major institutional holders and Bitcoin exchange-traded products together control more than 2.7 million BTC, which is already 16 times the amount of new Bitcoin miners produce in a year. This institutional accumulation is beginning to rival Bitcoin’s internal halving clock, potentially making credit conditions and global liquidity more important in determining major market turns. Bitcoin is up 4.97% over the past 24 hours and remains ranked first by market cap.
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