Since more than a century, Bitcoin investors have used the four-year cycle as a guide to market changes, bull runs and capitulations triggered by events such as halving. In 2025, that long-standing roadmap is beginning to look outdated — and analysts are seeking a new framework to understand where Bitcoin (BTCAfter, the next step is.
Others claim that institutional capital is shaping the market. Other people point out the slight impact of the half-off, AI becoming a new frontier of investment, and global liquidity trends which no longer match old patterns. Whatever the reason, it’s clear that Bitcoin isn’t moving as fast as before.
Jeff Park, chief investment officer and partner at ProCap BTC in this exclusive interview with Cointelegraph, questions the assumptions that underlie the four-year Bitcoin cycle. He claims Bitcoin is now transitioning to a shorter two-year period.
Park claims that Bitcoin’s market structure is fundamentally different now, as institutional flows are driven by incentives which differ from those of individual investors.
Park’s main argument rests on a provocative concept: shortening cycles will change the way investors perceive timing, volatility and Bitcoin’s future path.
Park also touches upon why certain players favor short-term weakness. He further discusses how the liquidity patterns of the cycle intersect with this new one and what the shift in the market could be.
Watch this complete interview with Jeff Park The Cointelegraph YouTube channel has his entire breakdown of this theory.
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Source: cointelegraph.com
