A new market thesis is grabbing attention.
Author and industry expert Shanaka Anslem Perera says the Bitcoin cycle didn’t break this time, but flipped instead. And if he’s right, the bear market everyone is waiting for may already be behind us.
Perera points to one unusual moment: Bitcoin broke its all-time high before the halving. That has never happened in any previous cycle.
To him, that was the key signal that the usual four-year rhythm had inverted.
He argues that 2024 wasn’t a bull run at all, calling it “political repricing.” In other words, investors were reacting to the possibility of a pro-crypto U.S. administration, not the start of a new crypto wave.
On paper, Bitcoin near $90K shouldn’t feel bearish. But Perera says the signs are there:
A price that once sounded impossible now feels uncomfortable.
Perera believes the halving cycle was overtaken by macro. Once ETFs funneled institutional capital into Bitcoin, demand began tracking Federal Reserve liquidity instead of retail euphoria.
Some agreed with him, saying Bitcoin “outgrew its old cycle” the moment it entered mainstream financial plumbing. Others argued the narrative is compelling but not confirmed.
Perera’s conclusion is straightforward: if the market already lived through its bear phase emotionally , even at high prices, the next major move could be the real blow-off top.
In his words: “The bear market is behind you. Act accordingly.”
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Ethereum, the second-largest cryptocurrency in the world, is entering one of its most interesting phases…
The SEC has officially closed its years-long investigation into Ondo Finance, and the timing signals…
This week’s Top crypto analysis highlights a market sitting at a critical turning point as…
The U.S. SEC has closed its two-year investigation into Ondo Finance, started in October 2023…
As the crypto market prepares for another potential bull cycle, investors are actively hunting for…
Strategy has purchased 10,624 Bitcoin for approximately $962.7 million, at an average price of $90,615…
