Bull Run Still On: Liquidity, Not Halving Cycles

• Bitcoin’s macro uptrend began in November 2022
• Liquidity, not halving cycles, drives the market
• Altcoins likely to rally once liquidity improves

Rethinking the 4-Year Cycle

For years, crypto investors have anchored their expectations to Bitcoin’s 4-year halving cycles. While this model has helped many understand Market patterns, it’s not the full picture. In today’s evolving financial landscape, liquidity is emerging as the more powerful market driver — and it’s reshaping how we view Bitcoin’s long-term trajectory.

Since November 2022, Bitcoin has been in a consistent macro uptrend, despite periods of volatility. This ongoing strength suggests that something beyond the halving schedule is fueling the rally. Enter liquidity — the flow of money into markets from institutions, governments, and retail investors alike.

Liquidity Is the Real Catalyst

During previous bull runs in 2017 and 2021, global liquidity surged, propelling not just Bitcoin but also a broad array of altcoins. The same setup appears to be forming again. Although altcoins have lagged slightly behind in this cycle, they often move later — and harder — once liquidity fully returns.

Watching global economic signals like interest rate cuts, central bank policies, and macroeconomic easing can offer better clues about where the crypto market is headed. When money becomes cheaper and more available, risk-on assets like crypto tend to benefit first.

Patience Leads to Profits

Crypto markets reward those who understand timing — and that often means being patient. Bitcoin’s macro uptrend is a sign that the market remains bullish overall, even if short-term corrections occur. As liquidity conditions improve, altcoins are likely to follow Bitcoin’s lead, potentially delivering outsized gains.

In summary, don’t get too caught up in rigid models. The Bitcoin macro uptrend tells a bigger story — one driven by global capital flows and investor sentiment.