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#Bitcoin Halving Cycles: where are we now? 📊
📝 The chart illustrates $BTC 's four halving cycles, normalized from each halving date. We observe a clear trend of diminishing returns across successive cycles.
📍 The current cycle, Day 724, shows Cycle 4 (2024) performing below Cycles 1, 2, and 3 at this stage. This confirms the pattern of decreasing volatility over time.
💡 This suggests a maturing asset. The present phase indicates a more measured and sustained accumulation, diverging from the explosive growth seen in prior cycles.