Explore the impact of Bitcoin's halving anniversary on the market cycle and price trends. Analyze the evolution of Bitcoin's growth and market indicators.
As one year passes since the last Bitcoin (BTC) halving, the price cycle of this cryptocurrency shows significant differences compared to past periods. Unlike previous cycles that saw significant price surges after halving, Bitcoin has only grown by about 31% in this cycle; whereas in the previous cycle, Bitcoin’s price had increased by 436% in the same time frame. Key indicators like Market Value-to-Realized Value (MVRV) ratio also indicate a noticeable decrease in unrealized profits for long-term investors, signaling a market evolution towards more gradual growth. Bitcoin seems to be entering a new phase of steady growth guided by financial institutions, devoid of the past volatile fluctuations.
