2025-12-20 22:20:30

Bitcoin's performance this year is worth paying attention to. Currently, it is experiencing the fourth annual decline in history, but this time there is something special—no major scandals or industry crises accompanying it.

Unlike previous years. Every time BTC undergoes an annual adjustment, there is usually a story behind it: crashes, hacks, policy shocks, and the like. This time is different. From early October to now, the market has been under pressure while remaining stable, indicating that the price movements are more reflective of the market cycle itself.

This prompts a rethinking: how much of the volatility in the crypto market is due to genuine fundamental changes, and how much is just pure cyclical rotation?

BTC-0.2%

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PonziWhisperer

· 6h ago

Cycle rotation... Alright, this time it's really absurd that there haven't been any black swan events, which makes people even more anxious. --- Honestly, the absence of scandals is even more terrifying, as it means prices can fall without any reason. --- Purely cyclical? Nonsense, fundamentals are always just an excuse; the real power isn't just about market sentiment. --- This is the fourth time, each time claiming it’s different, but the pattern has never changed. --- Stable operation still faces pressure, and this contradiction hits home—things weren’t that stable to begin with. --- I actually think that the so-called "no crisis" is the biggest warning sign. --- Cycle stuff... To put it simply, it’s just a fancy way for big players to harvest retail investors. --- Interesting, this time no story, but it’s become even more of a story.

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MerkleDreamer

· 6h ago

Pure cycle? Sounds nice, but nothing has gone wrong yet. Let's wait and see. No scandals don't mean the fundamentals are good. Another wave is coming soon. The idea of cycle rotation is too optimistic... history tends to repeat itself. The bottom is still far away, don't be fooled. Another "this time is different," they say every time. This round of decline has been so steady, it's even more unsettling.

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Layer2Arbitrageur

· 6h ago

nah this is just pure cycle mechanics playing out. if you actually ran the numbers on on-chain volume deltas between sept and now, the arbitrage windows are *mathematically* screaming. no crisis needed when you've got MEV extraction doing the heavy lifting lol

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PseudoIntellectual

· 6h ago

Nonsense, is it still called stability without a black swan? I think it just hasn't arrived yet. I'm tired of cycle theories; ultimately, it's still the big players cutting profits. This decline is actually more suspicious; it's too "clean," which makes it more questionable. Fundamentals? Ha, those are just post-hoc rationalizations. The real problem is that retail investors will never understand what institutions are thinking.

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