Bitcoin
We're Repeating The 2017 Bitcoin Bull Cycle
Published
2 months agoon
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admin

The 2017 Bitcoin bull market was a wild ride, with prices soaring from under $200 to nearly $20,000. As we look at the current market, many are wondering if we might see a similar surge again. In this article, we’ll explore the data and trends that suggest we could be on the brink of another massive bull cycle.
Key Takeaways
- The current Bitcoin cycle shows strong correlations with the 2017 cycle.
- Historical data indicates potential for significant price increases.
- Investor behavior patterns are mirroring those from previous cycles.
Understanding Bitcoin Bull Cycles
Bitcoin has had several bull cycles, each with its own unique characteristics. The most notable was in 2017, where the price skyrocketed. Now, as we analyze the current market, we see some interesting parallels.
The recent price action has been choppy, with Bitcoin hitting a new all-time high above $108,000 before retracing to below $90,000. However, it has since rebounded, and this fluctuation is not uncommon in bull markets.
Comparing Current Cycle to Previous Cycles
When we compare the current cycle to previous ones, particularly the 2017 cycle, we notice some striking similarities. The following points highlight these correlations:
- Cycle Length: The 2017 cycle peaked at 1068 days from its low, while the 2021 cycle peaked at 1060 days. Currently, we are 779 days into this cycle, suggesting we have a significant amount of time left.
- Price Action Correlation: The correlation between the current cycle and the 2017 cycle is at an impressive 0.92. This means that the price movements are closely aligned, indicating that we might be following a similar trajectory.
- Investor Behavior: The MVRV (Market Value to Realized Value) ratio shows a strong correlation of 0.83 with the 2017 cycle, suggesting that investor behavior is also mirroring past trends.
The Role of Halving Events
Bitcoin halving events have historically been significant markers in the price cycle. The last halving occurred in 2024, and as we look at the current cycle, we see that it closely follows the pattern established in 2017. The halving events in both cycles occurred within a similar timeframe, which could indicate that we are on a similar path.
Future Predictions
Looking ahead, if the current cycle continues to follow the 2017 pattern, we could see a significant price increase throughout 2025. While some predictions suggest prices could reach as high as $1.5 million, it’s essential to approach such forecasts with caution. A more realistic peak might align with historical trends, potentially occurring in late 2025.
Conclusion
In summary, the current Bitcoin bull market shows strong correlations with the 2017 cycle, both in terms of price action and investor behavior. While we may not see the same explosive growth as in 2017, the data suggests that we could be in for an exciting ride in the coming months. As always, it’s crucial to stay informed and make decisions based on thorough analysis.
If you’re interested in more in-depth analysis and real-time data, consider checking out Bitcoin Magazine Pro for valuable insights into the Bitcoin market.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
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Bitcoin
Bitcoin Correction to $76,000 Likely a Downside Deviation, According to Crypto Analyst – Here’s Why
Published
58 minutes agoon
March 26, 2025By
admin
An analyst who accurately called Bitcoin’s correction in early 2024 believes BTC remains in a bull market after bouncing from a 2025 low of $76,000.
Pseudonymous analyst Rekt Capital tells his 542,00 followers on the social media platform X that Bitcoin’s current bull market cycle has yet to reach a peak.
“BTC bull market progress: 82.5%. (Progress will speed up on parabolic advances and slow down on deeper retraces).”
The analyst also tells his 107,000 YouTube subscribers that Bitcoin’s latest correction to $76,000 is not the sign of a beginning bear market based on historical precedence.
“Many people have been talking about this being a bear market, but it does look like it is a downside deviation period very similar to what we’ve seen back in the past. Obviously, these downside deviation periods are changing across time, but it’s really important to look at the charts in a level-headed manner and try and look at it in an unbiased way and not scream bear market whenever we see a pullback that is actually very similar to the one we saw here [in 2024].
This was a 32% pullback [in 2024]. This is a 30% pullback [when Bitcoin corrected to the $76,000 range this month], so very similar downside deviation in that regard, but really important to keep level-headed and look at the data, look at the chart, and zoom out when in doubt.”

In technical analysis, a downside deviation is a setup where an asset breaks its immediate support to print a false breakdown before igniting a recovery and rallying to new highs.
Bitcoin is trading for $88,028 at time of writing, up 3.4% in the last 24 hours.
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Bitcoin
GameStop Approves Adding Bitcoin To Treasury Reserves
Published
1 hour agoon
March 26, 2025By
admin
GameStop Corp. (NYSE: GME) announced that its board of directors has unanimously approved an update to the company’s investment policy, allowing Bitcoin to be held as a treasury reserve asset. The decision follows a series of engagements between GameStop Chairman and CEO Ryan Cohen and prominent figures like Michael Saylor in the Bitcoin industry.
On February 8, Cohen met with Strategy Chairman and well-known Bitcoin advocate Michael Saylor, sparking speculation that GameStop may be adding BTC to its balance sheet. A couple weeks after, Cohen responded to CoinDesk via a tweet stating “Letter received.” after receiving a letter from Strive Asset Management CEO Matt Cole, which urged GameStop to adopt Bitcoin as a reserve asset.
In its announcement, GameStop noted that its investment policy now permits investments in “certain cryptocurrency assets, including Bitcoin and U.S. dollar-denominated stablecoins.” The company also acknowledged associated risks, including the potential impact of these investments on its financial results and internal financial controls.
The policy update was disclosed alongside the company’s financial results for the fourth quarter and full fiscal year ended February 1, 2025.
For the fourth quarter, GameStop reported net sales of $1.283 billion, a decrease from $1.794 billion in the same period the prior year. Selling, general and administrative (SG&A) expenses fell to $282.5 million, compared to $359.2 million in the fourth quarter of the previous year. Net income for the quarter was $131.3 million, up from $63.1 million a year earlier. Adjusted EBITDA for the quarter was $96.5 million, compared to $88.0 million in the prior year’s fourth quarter.
GameStop also disclosed that it held $4.775 billion in cash, cash equivalents, and marketable securities at the end of the quarter. The company completed its exit from Italy and finalized the wind-down of store operations in Germany during this period.
For the full fiscal year 2024, GameStop reported net sales of $3.823 billion, down from $5.273 billion in fiscal year 2023. SG&A expenses for the year were $1.130 billion, compared to $1.324 billion in the prior year. Net income for the year reached $131.3 million, significantly higher than the $6.7 million reported in fiscal year 2023. Adjusted EBITDA for the full year was $36.1 million, compared to $64.7 million in the previous year.
The company has not yet disclosed how much Bitcoin it plans to purchase or when it will begin acquiring BTC, and CEO Ryan Cohen has not yet commented publicly on the addition of Bitcoin to GameStop’s balance sheet at the time of publishing.
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Bitcoin
How Strategy is Redefining Corporate Leverage?
Published
3 hours agoon
March 26, 2025By
admin

Is Strategy quietly reshaping how public companies interact with capital markets — and could its $21 billion plan set a precedent for Bitcoin-aligned balance sheet plays?
Small fish, big splash
Strategy’s (previously MicroStrategy) role in U.S. capital markets is changing in ways that few would have predicted a few years ago. Known primarily as an enterprise software firm, the company became one of the biggest Bitcoin (BTC) proxies and most active participants in equity financing in 2024—despite accounting for just a small share of total market value.
As of Mar. 25, Strategy has a market capitalization of $87.64 billion, ranking it 109th among U.S. companies and 211th globally. On paper, that places it well below the largest public firms. Yet in terms of equity raised or announced in 2024, it stands out sharply.
According to Bloomberg Intelligence data shared by Matthew Sigel, Head of Digital Assets Research at VanEck, Strategy represents only 0.07% of the U.S. equity market by value, but accounts for 16% of all equity raised or announced in 2024.
Tiny market cap. Huge footprint.$MSTR = 0.07% of U.S. equities by value.
But 16% of all equity raised or announced in 2024Bitcoin isn’t just a store of value. It’s a magnet for capital. pic.twitter.com/7A4y927N0b
— matthew sigel, recovering CFA (@matthew_sigel) March 24, 2025
A large portion of this came from two offerings. One was a $2 billion convertible note issuance completed in November 2024. The second, announced in October 2024, is a broader funding plan that aims to raise $21 billion over three years.
As of the end of Dec., $561 million had already been secured, much of it directed toward Bitcoin purchases — a strategy the company has increasingly aligned itself with over the past few years.
Within the software sector, these two transactions made up more than 70% of the $39.5 billion in fresh equity raised in 2024. That figure puts software ahead of every other sector in 2024 in terms of additional offerings, followed by biotechnology at $30.1 billion, oil & gas at $26.46 billion, REITs at $22.44 billion, and aerospace and defense at $21.13 billion.
Notably, only biotechnology and REITs have consistently ranked among the top five sectors in recent years. Strategy’s outsized presence in software makes its contribution unusually concentrated.
Few companies of Strategy’s size have moved this aggressively to tap equity markets in 2024. Fewer still have done so with such a narrow and defined purpose — accumulating Bitcoin through corporate balance sheet expansion.
In that sense, the company’s financial activity is less about conventional software growth and more about asset allocation at scale. Let’s decode what is happening behind the scenes
Strategy doubles down on its BTC thesis
Strategy has continued its Bitcoin acquisition strategy in early 2025, adding 6,911 BTC for approximately $584.1 million at an average price of $84,529 per coin, solidifying its position as the largest public company by BTC holdings.
As of Mar. 25, the company holds a total of 506,137 BTC, acquired for approximately $33.7 billion, with an average cost basis of $66,608. At Bitcoin’s current market price of around $87,000, Strategy’s holdings are valued at over $44 billion, reflecting an unrealized gain of about $10.3 billion, or roughly $20,392 per BTC.
Year-to-date, the company has recorded a 7.7% BTC yield. This latest acquisition came shortly after Strategy reaffirmed its plans to raise capital via Class A strike preferred stock.
While the filing specifies that funds may be used for “general corporate purposes,” prior behavior suggests a large portion will likely be allocated to crypto asset accumulation.
Strategy’s approach diverges sharply from other corporate Bitcoin holders. For example, Tesla holds about 11,500 BTC, while Block (formerly Square) holds a little more than 8,000 BTC. Both firms made their purchases years ago and have largely held static positions.
In contrast, Strategy’s has conducted multiple acquisitions nearly every quarter since 2020 and remains the only publicly traded company with a defined strategy of accumulating Bitcoin as a primary treasury reserve asset.
$MSTR stock continues to mirror Bitcoin price trends. On Mar. 24, amid a strong rebound in U.S. equities — where the Nasdaq rose 2.27% — Strategy shares jumped over 10%, closing at $335.72, translating into a single-day market cap increase of roughly $8 billion, even though no major business update or earnings event occurred.
The correlation here is not incidental. Historically, MSTR has exhibited a beta of over 2.0 relative to Bitcoin, meaning it tends to amplify BTC’s price movements in both directions.
However, this strategy is not without risk. The company carries over $4 billion in long-term debt, much of it tied to convertible notes that mature between 2028 and 2032.
In the event of prolonged Bitcoin drawdowns or tightening capital markets, Strategy may face constraints on its ability to refinance or raise fresh capital.
As of its latest filings, the firm holds minimal cash reserves relative to its debt exposure, highlighting its reliance on BTC price appreciation to maintain balance sheet strength.
STRK and financial engineering
Earlier this year, Strategy introduced a new kind of financial instrument called STRK, which is short for its Series A Perpetual Strike Preferred Stock.
STRK is not a regular stock like MSTR, nor is it a traditional bond. Instead, it sits somewhere in between—designed to raise money without putting immediate pressure on existing shareholders.
STRK was launched in Jan. 2025 as part of Strategy’s larger goal to raise $42 billion over three years—to support its ongoing Bitcoin strategy. The company initially offered 7.3 million STRK shares at $80 each, raising about $563 million, more than double what it had aimed for.
So what exactly does STRK offer investors? For starters, it pays an 8% annual dividend, which Strategy can choose to pay in cash or stock. That steady income has made STRK attractive to investors looking for a more stable way to gain some Bitcoin exposure, without the sharp price swings of common stocks like MSTR or Bitcoin itself.
There’s also a conversion feature built in: if MSTR’s stock price ever reaches $1,000, each STRK share can be converted into 0.1 shares of MSTR. But with MSTR trading at around $335 as of Mar. 25, that conversion isn’t in play right now.
Since it started trading in early Feb., STRK has held up relatively well. The current market price of around $86.6 means investors are earning close to a 7% effective yield, which is high by most standards.
Compared to regular shares, STRK gives Strategy some key advantages. It helps raise capital without immediately issuing more MSTR stock, avoiding direct dilution of existing shareholders. It also attracts a different kind of investor—someone who wants income and stability, rather than just betting on Bitcoin’s long-term growth.
MicroStrategy’s unorthodox capital strategy now includes preferred equity: $STRK. It’s a bold play for the holy grail: to harness $MSTR volatility w/o dilution. Whether it succeeds depends on time horizon.
Here’s my theory—and why I’m bullish on STRK (hint: it’s less about BTC): pic.twitter.com/QxMibvKAtA
— Jeff Park (@dgt10011) January 28, 2025
Still, STRK isn’t risk-free. Its value is tied to Strategy’s overall performance, which is closely linked to Bitcoin. If Bitcoin prices drop or the company faces pressure to meet dividend obligations, STRK could lose some of its appeal.
What this means for public markets
Strategy’s positioning in 2024 offers a clear case study in how capital markets are adapting to the presence of digital assets — not through the creation of new asset classes, but by stretching existing ones.
The company has emerged as a leading source of equity issuance this year, while maintaining a market value of just 0.07% of total U.S. equities, highlighting an evolving investor appetite for exposure to asset strategies delivered through listed entities.
In doing so, Strategy has set a tone for how public companies might be used as intermediaries between traditional capital and decentralized assets. It also reflects the maturing interface between regulated financial instruments and crypto-native strategies.
What happens next depends less on Strategy itself and more on broader conditions: the cost of capital, Bitcoin’s role in institutional portfolios, and how regulators and investors treat these hybrid models.
If funding remains accessible and crypto retains demand as an alternative store of value, similar structures may emerge. If not, the model could remain singular.
In either case, Strategy has pushed public markets into new territory, where capital allocation, balance sheet strategy, and digital asset exposure now operate on the same axis.
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