Crypto has alternating cycles.
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="1003" height="554" />)
The average cycle lasts 4 years, similar to the halving frequency of BTC.
There are many methods of determining the change of cycles, and quantitatively we can define it when the realized price of BTC gets lower than the market price.
🏷Realized price is the value of all BTCs at the price they were bought, divided by the number of BTCs in circulation.
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