Bitcoin ended 2025 lower for the first time post-halving, down 30% from $126,080 ATH. Analysts like Vivek Sen and Armando Pantoja believe the four-year cycle is dead due to new institutional players. However, some, like Markus Thielen from 10x Research, argue the cycle is intact but no longer driven by supply cuts.

Read more at Cointelegraph: Is the Four-Year Cycle Dead?