Bitcoin’s Halving Cycle: The Wild Ride Ain’t Over Yet! 🚀💰

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Well, folks, Bitcoin’s been lounging around like a cat on a sunny windowsill, barely budging from the $97,000 mark. Sure, it’s dipped a measly 3% in the last couple of weeks, but let’s not forget this digital gold hit a jaw-dropping $109,000 back in January. So, what’s the deal? Is it just catching its breath or plotting its next big move?

Enter the halving cycle—the crypto world’s favorite soap opera. CryptoQuant’s very own Oinonen has been crunching numbers and spilling the beans on how this cycle stacks up against the past. Spoiler alert: it’s not over yet. 🕵️‍♂️

Institutions: The Puppet Masters of Bitcoin

Oinonen’s got a fancy chart titled “Comparing Post-Halving Performance” that shows Bitcoin’s only climbed 63% since the last halving in April 2024. That’s peanuts compared to the 686% rocket ride of 2020-2021. But hey, Rome wasn’t built in a day, and neither is Bitcoin’s next bull run.

Then there’s Strategy (formerly MicroStrategy), the institutional whale that just can’t get enough Bitcoin. They’ve gobbled up another 7,633 BTC, bringing their stash to a whopping 478,740. Oinonen reckons this buying spree is a good sign—like a squirrel hoarding nuts for winter. But if they slow down, well, that might be the market’s way of saying, “Houston, we have a problem.” 🐿️

The Long Game: Patience, Grasshopper

Oinonen’s crystal ball predicts a bumpy road ahead. We might see a “sell in May” slump and a snooze-fest of a summer, but come the fourth quarter, things could heat up like a Texas barbecue. 🍖

But don’t get too comfy. A big ol’ correction could be lurking around the corner, especially if the world decides to throw a geopolitical curveball. Still, Oinonen’s betting this halving cycle ain’t done yet. The modest gains since April 2024? Just the appetizer. The main course could still be on its way.

So, what’s the takeaway? Bitcoin’s bull run might still have some gas in the tank, thanks to reduced supply and those institutional bigwigs. But buckle up, because the ride’s bound to get bumpy. 🎢

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2025-02-19 00:42