will be the usual 4-year Bitcoin cycle again to warrant a huge dip. This cycle is being threatened this time, as more institutional investors are buying and keeping their Bitcoin. The implication is that even if Bitcoin falls, the fall may not be as before,
Let's not jump into conclusion early. Because I still believe that when the time of the bear period comes, the price of Bitcoin will fall drastically, just as always. Because the truth of the fact is that Bitcoin has 4 distinctive phases, such as the "Accumulation phase", which usually take place just immediately after halving, as people accumulate as much Bitcoin as possible. Followed by the second phase which is the "Bull Market Phase" whereby Bitcoin skyrocket in price due to increase in demand, which usually happens the second year after halving. Followed by the third phase which is the "Distribution Phase" whereby Bitcoin crosses new All Time High. and this usually take place in the third year after halving. While lastly the forth phase, which happens to be the "Bear Market" period whereby the price of Bitcoin fall drastically. Due to decrease in demand, and this usually take place in the forth year after halving. And probably we are in the second year after halving, which means bear period is expected to happen in 2027.
I quite understand you, but if we continue to follow Bitcoin's history/pattern when individual whales were the main players, we will make a whole lot of mistakes. If you study Bitcoin very well, it is highly controlled by tradition created by the information passed from one person to another, which later becomes a pattern, and this is linked to its 4-cycle as well.
This is often started and propagated by whales and what I would call influencers (depending on how you see it). This was the main reason Bitcoin acted according to how we now expected it (as a pattern). But Bitcoin is still young, it just started receiving institutional adoption, and those individual whales do not have the almost 100% influencing power to keep it in the same cycle/pattern anymore.
If little, there must be a deviation this time.