The traditional 4-year Bitcoin cycle we used to rely on? That playbook is essentially defunct now. The market has fundamentally shifted.

What changed the game? Spot ETFs opened the floodgates for institutional capital. Macro liquidity swings now ripple through crypto in real-time. Policy announcements can whip markets in ways that completely ignore historical patterns. These factors have scrambled the old predictability.

Institutional money doesn't follow the same seasonal rhythms retail traders once depended on. When major liquidity events hit or regulatory signals emerge, the entire market structure responds differently. The Bitcoin we're trading today moves to a different beat—one that's harder to forecast using cycle-based frameworks alone.