UPDATE: Bitcoin's four-year cycle playbook is breaking, with this bear market far shallower than the last three, says Glassnode.

What happened

Glassnode says Bitcoin's four-year cycle playbook is breaking. Glassnode also says this Bitcoin bear market is far shallower than the last three bear markets.

Confirmed

Global impact / market context

If Bitcoin's usual four-year cycle pattern is breaking, investors who rely on that repeating playbook may misjudge when the bear market ends, which means they could buy or sell Bitcoin at the wrong time.

Analyst inference

Bitcoin is the asset discussed here, and Glassnode is the analysis firm making the claim. A shallower bear market means Bitcoin's price fell less from its peak than in prior downturns, which may change how investors position for recovery.

Analyst inference

What to watch

1. Glassnode's statement that the four-year cycle playbook is breaking, which means the old repeating pattern may no longer guide Bitcoin's price timing. Confirmed
2. Whether Glassnode later provides data showing how much shallower this Bitcoin bear market is compared with the last three, which would clarify the claim. Proposed
3. Whether investors change Bitcoin buying or selling if they accept that the four-year cycle is breaking, which could shift demand and price direction. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com