Ah, the whispers of the digital underworld! On-chain oracles and market gossips alike proclaim that Bitcoin, that mischievous satyr of finance, may be pirouetting into a new phase. Glassnode, the Cassandra of crypto, croaked on August 20 that profit-taking and selling pressure portend a late-stage drama. Traders, ever the voyeurs, watch with bated breath. 🧐✨
Three Acts, Not Halvings
Behold, the sage James Checkmate declares Bitcoin’s saga unfolds in three grand acts, not the rhythmic halvings the masses adore. He dubs them: the Adoption Farce (2011-2018), the Adolescent Tantrum (2018-2022), and the Maturity Masquerade (2022 onward). 🌱👶🧔
Checkmate, with a wink, claims these phases are driven by adoption’s whims and market’s caprices, not the block reward’s quadrennial haircut. He even dares to call Bitcoin “gold’s only rival in the endgame,” suggesting this act may outlast the audience’s patience. 🎭💎
“In my humble opinion, Bitcoin’s trilogy is not anchored to halvings but to the capricious dance of adoption and market structure. The 2017 climax and 2022 nadir were mere intermissions!”
– _Checkmate (@_Checkmatey_) August 26, 2025
The Halving Ballet Persists
Yet, the halving theory, that stubborn prima donna, refuses to exit stage left. Markets peaked post-halving in 2013, 2017, and 2021-a pattern as predictable as a soap opera plot. The narrative? Supply shock meets demand, and prices soar. Observers, ever hopeful, predict 2025 will follow suit. 🎢📈
This tidy model-halving, then peak-is a trader’s lullaby, simple and soothing. Why complicate the script? 🛏️💤
Liquidity and the Institutional Waltz
But hark! Some now sway to the tune of liquidity and institutional flows, dismissing the calendar’s tyranny. Analysts, ever pragmatic, declare the cycle’s end awaits next year’s positive returns. The four-year cycle? Perhaps a relic. 🕰️💼
Market veterans, with a shrug, remind us: cycles are eternal. Buyers buy, prices rise, sellers cash in, and the dance begins anew. How long the bull’s jig lasts? It depends on liquidity’s rhythm and capital’s entrance. 💃💸
“$BTC long-term holders have feasted on profits this cycle, rivaling all but the 2016-17 gluttony. A late-cycle signal, indeed!”
– glassnode (@glassnode) August 26, 2025
Bitcoin’s Signals and the High-Stakes Drama
Glassnode’s warning, issued on August 20, is a clarion call. On-chain seers point to selling sprees and accumulation droughts, urging traders to tighten their belts. Meanwhile, halving devotees cling to history’s script, citing 2011, 2013, 2017, 2021, 2022, 2025, and 2026 as their gospel. 📅📊
Who will prevail? The cycle’s end or the halving’s encore? Only time, that merciless director, will tell. 🕰️🎬
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2025-08-27 16:15