Why does BTC continue to track the 4-Year Cycle?
About this episode
The episode explores the factors driving Bitcoin's 4-year cycle and its implications for the crypto market.
Bitcoin鈥檚 4-year cycle may look arbitrary, but the data tells a deeper story. Ryan and Mike break down how leverage, credit, stablecoins, DeFi loans, miners, and Strategy drive crypto鈥檚 recurring booms and busts, and whether one final domino still needs to fall. ---- 馃摚GALAXY | INSTITUTIONAL DIGITAL FINANCE https://bankless.cc/Galaxy ---- 馃幆THE DEFI REPORT | FOLLOW & SUBSCRIBE https://thedefireport.cc/tdr-rss https://thedefireport.io/friends https://thedefireport.transistor.fm/ https://x.com/the_defi_report https://x.com/JustDeauIt ---- TIMESTAMPS 0:00 Intro 5:21 Bitcoin鈥檚 Capital Base 15:00 Leverage Drives the Premium 20:07 Stablecoins and VC Flow 23:08 On-Chain Loan Cycles 26:08 Perps and Treasury Leverage 32:14 Deleveraging and Hidden Risks 34:29 Miner Capitulation 37:12 Why Four Years? 40:08 ETH and Solana Positioning ---- Not financial or tax advice. For educational purposes only.
Topics covered
- Bitcoin
- 4-year cycle
- crypto markets
- DeFi
- stablecoins
- mining
- leverage
Sponsors
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