Glassnode: Bitcoin may still be following the historic four-year Halving cycle.

Golden Finance reports that according to a report by on-chain data analysis company Glassnode, despite some market predictions suggesting that the increase in institutional investors could break this pattern, Bitcoin's recent price movement may still be following its historical four-year Halving cycle. Glassnode noted in its market report that from a cyclical perspective, Bitcoin's price movement resonates with previous patterns. Several signs indicate that the Bitcoin cycle may be closer to the later stage than the market expects: Long-term holders take profits: Long-term holders who have held Bitcoin for more than 155 days are taking profits, and their behavior is reminiscent of past "frenzy phases," which further reinforces the impression that the market cycle has entered its later stages. Demand Shows Signs of Fatigue: The inflows into Bitcoin "show signs of fatigue." According to data from Farside Investors, spot Bitcoin exchange-traded funds (ETFs) have seen a total outflow of approximately $975 million over the past four trading days. Price drop: Since reaching a new high of $124,128 on August 14, the price of Bitcoin has fallen by 8.3%, currently at $113,940 as of the time of writing. Glassnode believes that if Bitcoin continues to follow its typical cycle, its peak may come as early as October. At the same time, Glassnode also acknowledges that each cycle has its uniqueness and cannot guarantee that market behavior will completely follow a fixed time pattern.