Four-year cycle model + 3-5 months of sideways consolidation. This time window sounds familiar — both 2018 and 2022 followed a similar script. The difference is that this time the liquidation data is more transparent.

Coin World News: Renowned analyst Bob Loukas called on investors to stay calm as Bitcoin’s price fell to $59,307 and $149 million in margin positions were liquidated. He stressed that despite market challenges, the industry remains viable, and the market must break free from the illusion of quick profits promoted on social media. Loukas believes the current sell-off is a natural cleansing process within the 4-year cycle model, mainly affecting leveraged buyers. According to data from Biworld, exchanges automatically liquidated Bitcoin long positions of 212,686 participants in the past 24 hours, totaling $1.19 billion. Loukas argues that Bitcoin has entered a time window for forming a long-term bottom, although the market needs 3 to 5 months of sideways trading to fully complete the bear market phase.