CryptoQuant Research Director: The "4-year cycle" is still valid, the key lies in demand and adoption waves.

Golden Finance reported that Julio Moreno, research director at CryptoQuant, stated on the X platform that people say the “4-year cycle” has failed simply because prices have not moved as they expected. However, the core of the “four-year cycle” is not the price performance or a specific time period, but rather the waves of demand and adoption. Each cycle brings new demand and capital inflows, but the waves of demand will eventually subside, which is precisely the reason for the existence of cycles.