According to Bitcoin’s traditional four-year cycle, 2026 could mark the onset of a bear market for the world’s largest cryptocurrency. However, many analysts suggest that this familiar pattern may no longer apply in today’s market.
This shift reflects a market now influenced more by institutional capital and global liquidity than by protocol events. This maturation may redefine Bitcoin’s trajectory through 2026.
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Bitcoin Outlook 2026: Beyond the 4-Year Cycle Pattern
In a recent post on X, veteran trader Bob Loukas observed that the current Bitcoin cycle differs from previous ones. He cautioned investors against rigid expectations, noting that a continued advance into the first or even second quarter of next year would still fall within the cycle’s normal bounds.
Nonetheless, other market watchers believe that BTC now follows a 5-year cycle instead of a 4-year one. In a detailed post, an analyst highlighted that for over a decade, Bitcoin’s price followed a clear pattern connected to its four-year halving events.
Each cycle delivered massive percentage gains, 9,300% in 2013, 2,300% in 2017, and 260% in 2021, followed by corrections of around 80%. However, data now shows this familiar structure is changing.
Bitcoin’s Market Cycles: Source: X/BullTheoryioThe analyst observed that the post-2024 halving phase has produced only an 18% gain so far. This is a notable shift from previous periods. It indicates that Bitcoin is no longer following a fast halving-driven rhythm.
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Instead, it’s now reflecting slower global liquidity dynamics and institutional accumulation, with the bull phase likely extending through the first half of 2026.
Other market watchers also agree that Bitcoin’s price moves are better explained by global liquidity cycles than halvings alone. A pseudonymous analyst, Master of Crypto, argued that halvings once mattered when Bitcoin was small and speculative, but today — as a $2.5 trillion asset — they have little real impact. The key driver now is global liquidity, not block rewards.
When money supply (M2) expands, liquidity flows into risk assets like Bitcoin, lifting its price. Conversely, when liquidity tightens, Bitcoin slows down. This pattern, he notes, held true in 2020, 2022, and 2023.
Bitcoin’s Movements Driven By Global Liquidity. Source: X/MasterCryptoHqSo, it’s clear that Bitcoin’s market behavior is changing. While halvings still hold psychological significance, their direct impact on price appears to be diminishing. The cryptocurrency’s movements are now intertwined with global liquidity trends, institutional participation, and macroeconomic policy shifts.
As capital cycles stretch and liquidity waves move more slowly, Bitcoin’s next major peak — expected by some around mid-2026 — may confirm that the era of predictable four-year cycles is coming to an end.
Source: https://beincrypto.com/bitcoin-market-cycle-institutional-liquidity-outlook-2026/


