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Benjamin Cowen analyzed the duration of three distinct Bitcoin cycles, noting their similarity in length.
He pointed out that the cycles from 2015-2017, 2018-2021, and 2022-2025 each stretched around 1,067 days. Cowen suggests that sometimes the most straightforward indicators offer valuable insights.
Cowen’s observations on the uniformity of Bitcoin cycle durations build on his prior analysis of how the Bitcoin cycle remains intact, even as the mechanics of each cycle’s peak—including the distinguished features of the potential 2025 top—may diverge from previous patterns. This focus on persistent trends also resonates with his earlier commentary on the impact of Federal Reserve policy shifts, where he detailed how the balance sheet trajectory continued downward following the end of quantitative tightening.