According to foreign sources, Bitcoin is going through one of the weakest halves in history. The CoinGecko data show that the BTC has now collapsed by $60,000. According to the article, this is in clear contrast to the pace of increase that has prevailed since the reduction of the previous half.
Loss of inertia in halving the cycle
Cutting bitcoin in half usually happens every four years, and the market used to view it as a sign of supply contraction. In previous cycles, halving was often followed by a strong upswing and then a high-level shock and retreat phase.
It's getting weaker earlier.
The cyclical chart cited in the article shows that the bitcoin of the current round has not moved out of the traditional “healing” phase, but has moved back behind the wheel. At the time of halving in 2024, the current return was below the benchmark, which meant that the investors bought at that time were currently in a state of loss.
Market pressure comes from many sources.
The Chief Executive Officer of Galaxy, Mike Novogratz, recently stated that Bitcoin's pressure was related to the crisis faced by Bitcoin holders of a large enterprise, Strategy, and that the market was concerned that the potential interest rate hike would further suppress risky asset performance.