Grayscale: Bitcoin's 4-year cycle may no longer be applicable, expected to reach a new high in 2026

Grayscale has released a report stating that, given the absence of parabolic bull market overshoots, reshaping of market structure through ETP and DAT, and structural bullish macro backgrounds, the Bitcoin 4-year cycle may no longer be applicable and is expected to reach a new high in 2026. （Bitcoin Archive）