Some analysts have attributed this crash to record institutional outflows from bitcoin exchange-traded fund (ETF), Michael Saylor’s Strategy selling $2.5M worth of bitcoin for the first time in four years consequently triggering panic and massive sell-offs.
However, markets are in cycles (bear and bull markets) and we strongly believe that this recent crash is part of the regular cycle that occurs every 4 years.
Historically, bitcoin experiences this kind of massive crash 2 years after bitcoin halving, the last bitcoin halving was in April 2024 so we believe this crash is in order.