Grayscale states that the Bitcoin market structure no longer follows the traditional "four-year cycle." Institutional capital inflows and the macro environment are reshaping BTC price trends. As more Bitcoin enters circulation, the relative impact of halving diminishes, and the market is increasingly dominated by institutional capital rather than retail speculation. #比特币 #BTC #CryptoIndustry
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Grayscale states that the Bitcoin market structure no longer follows the traditional "four-year cycle." Institutional capital inflows and the macro environment are reshaping BTC price trends. As more Bitcoin enters circulation, the relative impact of halving diminishes, and the market is increasingly dominated by institutional capital rather than retail speculation. #比特币 #BTC #CryptoIndustry