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 In 2025, that long-standing roadmap is starting to look outdated — and analysts are searching for a brand new framework to grasp the place Bitcoin (BTC) is headed subsequent.
Some argue that institutional capital is reshaping the market. Others spotlight the weakening influence of the halving, the rise of AI as a competing funding frontier, or world liquidity developments that now not line up with outdated patterns. Regardless of the trigger, one factor is evident: Bitcoin doesn’t appear to be shifting prefer it used to.
On this unique Cointelegraph interview, Jeff Park, associate and chief funding officer at ProCap BTC, challenges the assumptions behind the four-year cycle, claiming that Bitcoin might 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 underneath completely different incentives than these of retail buyers.
On the core of Park’s argument is a provocative concept: Shorter cycles might dramatically reshape how buyers take into consideration timing, volatility and Bitcoin’s potential path via 2026.
Park additionally touches on why some gamers choose short-term weak point, how liquidity patterns intersect with the brand new cycle and what this shift might imply for the subsequent main transfer.
Watch the full 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.
