"Recognize that the four-year cycle is largely psychological When James got into Bitcoin in 2017 he had never heard of the four-year cycle; it only became a widely cited framework during the 2021 cycle, making it effectively a one-and-a-half cycle phenomenon. He notes that 'since 2020 there is no maths that would show that there would be anything with the issuance rate to have a detrimental effect — it's psychology.' Knowing this, investors can stop anchoring buy or sell decisions to halving countdowns and instead focus on on-chain sell-side pressure and institutional absorption capacity. Source: James Van Stratten, The Bitcoin Layer, Bitcoin Markets Analysis"