Market Cycle Analysis - The BTC rainbow chart indicates the market is in the mid to late stage of a bull market expansion [1] - Binance Research suggests Bitcoin has experienced bull and bear cycles of approximately four years since 2014 [2] - If the end of 2021 marks the beginning of the last cycle, the end of 2025 would mark the end of this bull market cycle [2] Institutional Impact - Binance questions whether the four-year cycle will mechanically repeat due to the rising proportion of institutional involvement [3] - Institutional involvement is expected to decrease the behavior of chasing rallies and selling off in panic [3] - Institutions are more likely to engage in countercyclical operations, accumulating during downturns and gradually reducing positions during uptrends [4] - Countercyclical operations could smooth out the wild volatility inherent in the crypto market [4] October Performance - Historically, October has seen positive returns in nine of the past 11 years, with an average gain of 20% [5] - October's performance will be a key component in determining whether the four-year cycle continues [5]

whether the four-year cycle is actually going to be extended or not. Raul Paul, global macro investor. He has come out and said he doesn't think that the four-year cycle will last any longer.He thinks it's now a 5year cycle. Take a listen to his logic. >> Why is Bitcoin sort of not wildly off to the races yet, and it's this chart, which is the business cycle.Remember, we've always said it's the business cycle stupid. It is always the business cycle stupid. And all of these people who claim it's the four-ear ...