Bitcoin: Here’s how far along we might be in the bull cycle
- BTC ETF flows could impact Bitcoin’s “cyclicality”
- Popular analyst claimed we’re less than 40% into the bull cycle
Traditionally, Bitcoin [BTC] has a strict four-year market cycle that surges during the halving event. Based on this market cycle theory, altcoin season always starts as capital rotates from BTC to Ethereum [ETH] and finally, to the rest of the altcoins.
However, this cycle could change immensely due to massive U.S spot BTC ETF inflows.
In a recent forum discussion on the impact of spot BTC ETFs, Galaxy Digital CEO of Europe, Leon Marshall, highlighted that the ETFs could alter Bitcoin’s “cyclicality.”