هل لا تزال بيتكوين تلعب دورة الأربع سنوات؟ بيانات تدفقات رأس المال طويلة الأمد تقدم الإجابة

【Chain Article】Bitcoin is still following the old playbook. Cryptocurrency analyst Willy Woo recently released data showing that although BTC has surged to $91,000, the scale of long-term capital inflows is far from reaching the frenzied levels seen in previous bull markets. What does this mean? According to his understanding, the market is currently still running on the traditional 4-year cycle track.

Looking back to early 2020, Bitcoin was also in an accumulation phase at that time, with capital inflows at a steady pace. The current scenario is actually quite similar to back then. Woo believes that unless there is obvious deviation from cycle patterns in 2026—that is, unconventional large-scale inflows—the claim that “Bitcoin’s 4-year cycle is dead” basically doesn’t hold water. Based on current data, the logic of cyclical increases still holds. Of course, this also reminds investors that the real capital frenzy may not have arrived yet.