Regarding Bitcoin's "Four-Year Cycle," this strategy might really be about to be rewritten.

Retail investors are still stubbornly sticking to this pattern, but market whales have long started to consider—whether this theory still holds in the new environment. In simple terms, the US government's attitude towards the crypto industry is undergoing a noticeable shift, and the policy environment has become much friendlier. Since the change of administration, the US stock market has continued to strengthen, and overall market sentiment has changed.

The key issue is this: when capital flows and the macro environment change, the operating rhythm of assets like Bitcoin and Ethereum will inevitably also change. CPI data, non-farm employment, trade deficits—these economic indicators now have a more direct impact on the market than before. Adjustments in US trade policies are also sending new signals.

From the perspective of market participants, once the capital structure is reconfigured, historical cycles will no longer be simply replicated. The old rule framework is gradually being broken by new variables, and Bitcoin's price discovery mechanism is adapting to the rhythm of this new era.