Institutional Forces Overpower Bitcoin Halving's Supply Shock

Bitcoin's traditional four-year cycle once served as a reliable indicator for traders, providing a sense of security even for those skeptical of its validity. Historically, the halving event would reduce the influx of new coins, causing the market to initially act as if nothing had changed. Subsequently, liquidity would gradually return, leveraged trading would increase, and retail investors would reconnect with their accounts, leading to a resurgence in price action.

However, the narrative has shifted dramatically as three key institutional elements have emerged to dominate the market dynamics. These "boring" factors are now steering Bitcoin's trajectory, diminishing the impact that the halving typically had on supply and valuation. This transformation raises questions about the future of Bitcoin’s price movements and the strategies employed by retail investors in this evolving landscape.