Bitcoin’s four-year cycle is evolving, shifting focus from halving to politics and liquidity, says Markus Thielen. Historical peaks align with US election cycles, not halving dates. The Fed’s rate cut has not boosted Bitcoin due to cautious institutional investors and tightening liquidity. Investors should watch political catalysts instead of halving for market timing. Arthur Hayes believes the four-year crypto cycle is over, driven by global liquidity, not halving schedules. Bull markets end when monetary conditions tighten, not due to halving events.

Read more at Cointelegraph: Bitcoin’s Four-Year Cycle Now Driven by Politics, Not Halving: Analyst