Bitcoin's current pullback spanning 159 days is brief by historical standards, with previous cycles typically requiring over 800 days to reach new highs. CryptoQuant analyst Darkfost points out that the 2025 cycle has been compressed to 849 days, with a unique characteristic of setting an all-time high before the halving—primarily attributed to inflows from spot Bitcoin ETFs. Meanwhile, as the Federal Reserve opens a public comment period on Basel Accord rules, potential regulatory changes are on the horizon. The Basel Accord currently imposes a risk weight as high as 1250% on Bitcoin, which has hindered bank adoption of Bitcoin.