Something strange is happening with this Bitcoin cycle.We should be in the final year of the 4-year trend. Corporations are buying more than ever.But the price? It’s boring people.Here’s why we could be witnessing the final Bitcoin rotation before everything changes.
https://x.com/Swan/status/1930340903027355939
Swan
@Swan
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In every prior cycle, Bitcoin’s third green year brought a face-melting parabolic run.So far in 2025? Not yet.We’ve had big moves, but also shallower corrections and longer periods of sideways chop.The cycle might not be broken. It could just be a slower, more measured one.
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Under the surface, a massive shift is playing out.Certain investors (such as long-time holders) are cashing out above $100K.The new buyers?BlackRock. Fidelity. Bitcoin Treasury Companies. Corporations building strategic long-term positions.They’re not here to sell.
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Saylor put it best:“People less committed to the long term are exiting… and a whole new class of investors is entering.”This is part of the rotation: from trustees, lawyers, governments—to corporations, ETFs, and sovereign-grade balance sheets.
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This new wave of buyers isn’t speculating. They’re allocating.Swan CIO Ben Werkman put it well:“These corporations, they’re long-only buyers. Not traders of Bitcoin.”When long-term capital meets inelastic supply, the float starts vanishing.That’s when things get explosive.
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As Bitcoin rotates into stronger hands, the macro backdrop is flashing warnings.A rare and dangerous split is unfolding:The U.S. dollar is weakening while bond yields surge.That’s not supposed to happen—and it’s a major red flag for global capital.
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Bitcoin isn’t just rotating between entities. It’s rotating between generations.The Silent Gen trusted gold.Boomers built wealth in stocks.Gen X rode tech.Now Millennials—just entering their peak accumulation years—are inheriting trillions.And they’re choosing Bitcoin.
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So if you’re selling now, understand this:You’re likely handing your Bitcoin to an institution or entity that plans to hold it indefinitely.Once it’s gone, you’re probably never getting it back.Think twice.
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This isn’t just the next cycle. It’s the end of an era.The float is drying up. The buyers are built different. The macro is breaking.This is the last Bitcoin rotation.And if you understand what’s happening, you’ll want to be in the room when history turns.
