Nov 21, 2025
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Bitcoin Crash to $85,000 Signals Shift in Market Narrative
Bitcoin is trading around $85,000, and Jeff Park from ProCap BTC suggests that the recent drop may signify a shift in market dynamics. He argues that the traditional four-year cycle, based on halving events, is losing relevance due to new demand factors.
Key Points:
- The four-year cycle anchored in Bitcoin's halving history is becoming obsolete as institutional demand changes the market rhythm.
- A significant number of investors still believe in the four-year cycle, potentially making it self-fulfilling due to their market influence.
- Park suggests that a weak year-end could be beneficial, breaking the cycle and allowing for a new "super cycle" driven by institutional risk appetite.
- He humorously notes that a negative year-end in 2025 would officially break the four-year cycle narrative.
- Park prefers either a significant upward move or a small loss to eliminate reliance on the outdated cycle.
At the time of reporting, BTC was priced at $84,469.
