Bitcoin’s 4-Year Cycle May Be Over as XRP Eyes Breakout and Ethereum Whale Moves $135M
Main Idea
Bitcoin's traditional four-year cycles are considered obsolete as halving events no longer significantly impact supply, with institutional demand and whale activity now shaping the market. Meanwhile, XRP shows breakout potential, and Ethereum whale activity raises concerns about a potential sell-off.
Key Points
1. Bitcoin's four-year cycles are deemed 'dead' by Pierre Rochard, as halving events no longer significantly affect supply, with 95% of BTC already mined.
2. New selling pressure primarily comes from OG whale wallets rather than miners, indicating a shift in market dynamics.
3. XRP is nearing a breakout above a key trendline, with a daily close above $3.30 potentially signaling further upward movement toward $3.50 and $3.70.
4. An Ethereum whale transferred $135 million worth of ETH to Coinbase, raising concerns about a potential sell-off despite ETH's 17% price surge above $4,000.
5. The cryptocurrency landscape is evolving, with Bitcoin's cycles shifting, XRP's breakout potential, and Ethereum's whale activity signaling significant market changes.
Description
Bitcoin’s traditional four-year cycles are considered ‘dead’ by Pierre Rochard, as the halving events no longer significantly impact supply dynamics. Halving events are now irrelevant for price movements due to
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