Market Sentiment is Shifting

But what is the onchain data signaling?

April 15, 2026 • Michael Nadeau
Market Sentiment is Shifting

Hello readers,

The current bear market was officially confirmed in the first week of February. That’s when BTC traded into the low 60s. It’s also when the investors who thought “4-year cycle was over” had to admit they were wrong.

Now here we are, two and a half months later. BTC is up 19% from its early February lows.

And the same crowd now wants us to believe that was it. The low is in. The “4-year cycle” doesn’t exist again.

In this week’s report, we go deep to assess the probability of that being the case.

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Let’s go.

The 4-Year Cycle

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