#Bitcoin Halving Cycles: Underperforming 🔻


📝 The Halving Cycles plots $BTC performance across four cycles, normalized from each halving date. Current cycle is Day 807.
📍 At Day 807, Cycle 4 (2024) significantly underperforms all prior cycles shown. Its red trendline indicates a clear downtrend, a stark contrast to past peaks.
💡 This divergence points to diminishing returns actively shaping the market. The data suggests an ongoing distribution phase, reflecting broader liquidity outflows and heightened fear.
BTC-0.15%
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