Bitcoin four-year cycle: on-chain data and what may change

BTC Sessions examines whether Bitcoin's four-year cycle is starting to change, pointing to on-chain data and the latest market structure. The episode argues that the bear market bottom may already be in and that this cycle is diverging from earlier four-year patterns. According to the description, the data shows BTC recovering earlier than expected, institutional buyers continuing to accumulate, and long-term holders changing hands at levels similar to previous cycles. The video says that if the current recovery holds, a new all-time high within the next six months could be within reach. It also looks at why the traditional four-year cycle may be weakening, how institutional participation is changing volatility, and why future cycles could look different from the boom-and-bust patterns of the past. Macro conditions, interest rates and AI are part of the conversation, with the description noting that AI efficiencies may let the fiat system keep printing and borrowing for longer.