Bitcoin (BTC) investors who rely on steady ‘dollar-cost averaging’ (DCA) may be leaving performance on the table—and potentially compounding drawdowns—compared with approaches that actively adjust exposure based on the market’s cycle, according to new research that argues BTC behaves fundamentally differently from traditional long-duration assets.
In a recent report, Markus Thielen of 10x Research said Bitcoin’s market structure has repeatedly followed a boom-and-bust template since 2011, shaped by supply shocks around halvings, surges in speculative demand, and subsequent deleveraging…. Read more






