Willy Woo: Bitcoin May Break Free from Four-Year Cycle

Bitcoin analyst Willy Woo stated that as the supply shock from the halving diminishes, Bitcoin may break free from its four-year cycle and instead follow the trends of the global macro market. Woo added that early holders are selling due to memories of the four-year bear market, but relevant indicators have not yet reached the typical standards for a Bitcoin bear market, and whether it will break the four-year pattern still needs confirmation after a peak forms. Bitcoin has completed deleveraging earlier than U.S. stocks, and the recent changes in correlation with stocks are rare since 2017.

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