Bitcoin's Bear Cycle Looks Familiar - And That Mig
Bitcoin's Bear Cycle Looks Familiar - And That Might Be the Bullish Case source-logo bitcoinmagazine.com Bitcoin has fallen from a record high of roughly $126,080 in October to trade recently in the low-$60,000s — a decline of nearly 50% that has rattled sentiment. But it may just be business as usual.
According to a Thursday report from asset manager VanEck, Bitcoin's current slump tracks the asset's historical four-year halving cycle, in which mining rewards are periodically cut in half, tightening new supply and often preceding a bear phase.
The firm framed this downturn as a recurring feature of Bitcoin's market structure rather than a break from it.
VanEck's GEO framework — which tracks Global Liquidity, Ecosystem Leverage, and On-Chain Activity — currently shows two of three signals reading neutral, with ecosystem leverage in constructive territory. The firm says that combination points to early signs of a bottom forming, and that it may be time to begin scaling into positions.
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