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Is the "bear market" scenario a technical analysis or a repetition of the past?
The skepticism about the four-year cycle stems from changes in market structure, institutional liquidity, ETFs, and higher regulation.
This may alleviate the intensity of peaks and crashes, but it does not mean the elimination of the scarcity effect resulting from halving$GT #Gate2025AnnualReportComing .
Most likely developed in the cycle... not its disappearance.