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CryptoQuant Research Director: The "4-year cycle" is not dead, the core is the wave of demand and adoption

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2025-11-20 00:46:33
Julio Moreno, head of research at CryptoQuant, said in a post on the X platform that people say the "four-year cycle" has expired only because prices have not performed as they expected.
However, the core of the "four-year cycle" is not price performance or a specific time period, but a wave of demand and adoption. Each cycle brings new demand and capital inflows, but the wave of demand eventually subsides, which is why cycles exist.
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