Liquidity, Not Halving, Drives BTC

[cryptobro]

Hayes emphasizes: Bitcoin isn’t powered by halving cycles—it runs on liquidity, politics, and the U.S. business cycle.
ETF inflows and Digital Asset Treasuries temporarily masked liquidity issues, causing the market to misprice BTC before the $80K bottom.

[Rimon Khan]

Liquidity cycles have always mattered more than halving events.