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Bitcoin’s 4-year cycle questioned as market shifts; trader flips from shorts to max-leverage longs on BTC and ETH.

Market News
07 Jun 2026
AMBCrypto
View Source
Bullish
Bitcoin’s 4-year cycle questioned as market shifts; trader flips from shorts to max-leverage longs on BTC and ETH.

Bitcoin surged above $80,000 in early May but then dropped below $60,000 before rebounding to $62,000, raising questions about its traditional 4-year cycle. Galaxy CEO Michael Novogratz argues that Bitcoin isn’t dead but the 4-year cycle may no longer apply as the market matures. Meanwhile, trader James Wynn closed profitable short positions on Bitcoin and Solana and opened high-leverage long positions on Bitcoin and Ethereum, reflecting confidence in a market rebound. This shift highlights changing dynamics in crypto trading and sentiment.

More News (BTC)

Dogecoin cofounder posts cryptic message amid crypto market rally, sparking speculation.

Dogecoin cofounder posts cryptic message amid crypto market rally, sparking speculation.

Billy Markus, Dogecoin's cofounder, posted an ambiguous message on X saying "we're so back?" during a crypto market recovery where major coins like Bitcoin and Ethereum rose 5% and 6% respectively. Dogecoin itself gained nearly 4%, but Markus did not...

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Bitcoin nears 4 million lira as Turkey's currency hits record lows amid high inflation.

Bitcoin nears 4 million lira as Turkey's currency hits record lows amid high inflation.

Turkey's lira has fallen to a record low near 48.8 per dollar, pushing bitcoin's price to about 3.95 million lira. Despite a high central bank rate of 37%, inflation remains above 31%, eroding real returns for savers. Turkish households increasingly ...

Market News
Neutral
19 hours ago
Cryptocurrency prices show mixed movements with notable gains in AVAX, ENA, and AR tokens.

Cryptocurrency prices show mixed movements with notable gains in AVAX, ENA, and AR tokens.

Cryptocurrency prices exhibit varied changes, with Bitcoin at $81,700 and Ethereum at $2,644. Notable increases include AVAX up 17.94%, ENA surging 21.74%, and AR rising 41.84%. These movements highlight ongoing volatility and selective investor inte...

Market News
Bullish
19 hours ago
Bitcoin price rebounds above $81,000 but Binance's Bitcoin reserves hit 2026 high, signaling potential selling pressure.

Bitcoin price rebounds above $81,000 but Binance's Bitcoin reserves hit 2026 high, signaling potential selling pressure.

Bitcoin's price has surged back above $81,000 amid a broader crypto market recovery. However, Bitcoin reserves on Binance, the world's largest crypto exchange, have risen to 702,900 BTC—the highest level in 2026. This increase suggests more Bitcoin i...

Market News
Neutral
20 hours ago
Bitcoin's $81,280 rally sparks caution as analysts warn of a potential 'golden cross' trap.

Bitcoin's $81,280 rally sparks caution as analysts warn of a potential 'golden cross' trap.

Bitcoin recently rallied to $81,280, coinciding with a 'golden cross'—a bullish chart pattern where the 50-day moving average crosses above the 200-day moving average. While this pattern often signals a new bull market, analyst Benjamin Cowen warns t...

Technical Signals
Neutral
23 hours ago
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