Head of research at on-chain analytics firm CryptoQuant has explained how demand is the basis of a Bitcoin cycle, rather than price performance. Apparent demand for Bitcoin has declined lately In a new post on “Most focus on price performance to define a cycle, while the question is what to pay attention to,” Moreno said. […]
TLDR: The year after Bitcoin’s halving ended negatively for the first time, ending a fourteen-year pattern The impact of the supply shock diminished as the 2024 halving reduced daily issuance by only hundreds of BTC Liquidity conditions and interest rates are now driving Bitcoin more than traditional halving cycles Institutional flows and business cycles have […]