For greater than a decade, Bitcoin buyers have relied on the acquainted four-year cycle to navigate bull runs, capitulations and market shifts pushed by halving occasions. In 2025, that long-standing roadmap is starting to look outdated — and analysts are looking for a brand new framework to know the place Bitcoin (BTC) is headed subsequent.
Some argue that institutional capital is reshaping the market. Others spotlight the weakening impression of the halving, the rise of AI as a competing funding frontier, or world liquidity developments that not line up with outdated patterns. Regardless of the trigger, one factor is evident: Bitcoin doesn’t appear to be transferring prefer it used to.
On this unique Cointelegraph interview, Jeff Park, accomplice and chief funding officer at ProCap BTC, challenges the assumptions behind the four-year cycle, claiming that Bitcoin could now be transitioning right into a a lot shorter, extra dynamic two-year cycle.
Park argues that Bitcoin’s market construction has undergone a elementary shift as institutional flows function beneath completely different incentives than these of retail buyers.
On the core of Park’s argument is a provocative concept: Shorter cycles may dramatically reshape how buyers take into consideration timing, volatility and Bitcoin’s potential path by means of 2026.
Park additionally touches on why some gamers desire short-term weak point, how liquidity patterns intersect with the brand new cycle and what this shift may imply for the following main transfer.
Watch the whole interview with Jeff Park on the Cointelegraph YouTube channel for his full breakdown of the two-year cycle idea and its implications for Bitcoin’s future.