Part 11/15:
The discussion also touches on Bitcoin's cyclical behavior—post-halving bull markets typically last 12-18 months, followed by corrections. However, some analysts, like Dan Howell, believe we're entering a "super cycle" where such patterns could be upended, especially with ETFs potentially easing market volatility and providing new demand channels.
The Role of Deleveraging and Market Psychology
Bitcoin's recent price swings are attributed to deleveraging—large traders and leverage positions have been unwound, causing temporary volatility. As deleveraging subsides and true buying momentum resumes, prices could stabilize and surge.