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Bitcoin Hasn't Broken the 4-Year Cycle Yet, Says 21Shares as BTC Dives Below $60K
Key takeaways
- Nearly six months later, the firm conceded on Wednesday that that’s not the case—right as Bitcoin breaks below the $60,000 mark for the second time this month.
- “Heading into 2026, we believed that Bitcoin’s four-year cycle could be finished,” the firm wrote in its latest “State of the Market” report. “Six months in, we have to be honest: price action still looks familiar.”
- “Market structure has clearly changed: ETF ownership is increasingly institutional and the current drawdown of roughly 50% remains far milder than the 80%+ bear markets of prior cycles,” 21Shares wrote.
Bitcoin Hasn't Broken the 4-Year Cycle Yet, Says 21Shares as BTC Dives Below $60K Logan Hitchcock Wed, June 24, 2026 at 11:59 PM GMT+7 2 min read Crypto investment firm and ETF issuer 21Shares previously predicted that Bitcoin would break from its four-year cycle in 2026.
Nearly six months later, the firm conceded on Wednesday that that’s not the case—right as Bitcoin breaks below the $60,000 mark for the second time this month.
“Heading into 2026, we believed that Bitcoin’s four-year cycle could be finished,” the firm wrote in its latest “State of the Market” report. “Six months in, we have to be honest: price action still looks familiar.”
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