Bitcoin’s price performance in recent weeks has maintained a sluggish movement, with the cryptocurrency now hovering near the $97,000 mark. Despite the 3% decline over the past two weeks, Bitcoin remains within a consolidation phase following its January all-time high above $109,000. As the asset lingers in this range, discussions around the ongoing halving cycle and its potential impact on future price movements have gained momentum. One noteworthy perspective comes from CryptoQuant analyst Oinonen, who recently shared insights into Bitcoin’s current standing relative to past halving cycles. Related Reading: Bitcoin’s Realized Cap Hits Record High—Is a Major Bull Run Brewing? Institutional Activity and Market Signals In a detailed analysis titled “Comparing Post-Halving Performance,” Oinonen pointed out that Bitcoin’s price has only risen 63% since the most recent halving in April 2024. This contrasts sharply with the 686% surge seen in the halving cycle of 2020-2021. While the power-law model and the principle of diminishing returns suggest more subdued gains over time, the relatively modest appreciation since the last halving indicates that the current cycle may still be in progress ..
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