Login热门新闻人工智能代理备忘录启动板德西TopChainExplorer给 Newbee100 倍金币蜜蜂游戏重要网站必备应用程序加密货币名人德平新手必备陷阱探测器基本工具高级网站交流NFT 工具Web3 宇宙游戏DApp蜂巢成长平台生态充值金币登录Web3 大学游戏DApp蜂巢生态家分析分析怀亚特加密指导交流$DIMEedgeX市场GRVTExtendedhttps://t.me/Odaily_Newshttps://t.me/Odaily_CryptoPunkhttps://twitter.com/OdailyChinahttps://t.me/Odaily_CryptoPunkThe Ultimate Guide to Perp DEX Airdrops in 2026Related: A New Perspective on the Four-Year Crypto Cycle: I Asked Seven Veteran Practitioners What Stage Were We At Now?
Author | Dingdang ( @XiaMiPP ) In the eighteen years following Bitcoin’s birth, the “four-year cycle” theory became almost the cornerstone of belief in the cryptocurrency market. Bitcoin halvings, supply contraction, price increases, and altcoin seasons—this narrative not only explains multiple bull and bear market cycles in history but also profoundly influences investors’ position management, project fundraising pace, and even the entire industry’s understanding of “time.” However, after the halving in April 2024, Bitcoin only rose from $60,000 to its all-time high of $126,000, a much smaller increase than in previous halvings. Altcoins were even weaker, and macro liquidity and policy variables became more sensitive anchors for the market. Especially after the large-scale entry of spot ETFs, institutional funds, and traditional financial instruments, one question has been repeatedly discussed: Does…#分析#空投# 加密# 定义# 以太坊# 交易所# 导轨# 市场# 代币# 工具上一篇
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