Bitcoin’s market behavior is changing, and Pierre Rochard says the old four-year cycle theory no longer applies – www.naijnaira.com reports.
Speaking with U.Today, the Bitcoin Bond Company CEO explained that halving events no longer drive dramatic supply shocks like before.
Rochard noted that with 95% of all Bitcoin already mined, daily issuance barely affects the market’s available supply.
“The market isn’t moved by miners anymore,” he said, adding that most newly sold coins now come from early whales making individual sell decisions.
A recent example saw roughly 80,000 BTC unloaded by a long-term holder, shifting prices without any mining-related trigger.
In earlier years, halving events cut block rewards enough to spark both rallies and downturns across the market.
Today, institutional demand, not retail hype, is the major force behind price movements.
ETFs and corporate treasury allocations now dominate Bitcoin’s upward momentum.
Article updated 4 hours ago. Content is written and modified by multiple authors.
