We explore the current state of the Bitcoin market and mining sector, examining whether we're witnessing the end of the bull cycle or just a mid-cycle correction before further upward movement.• Bitcoin's historical performance shows consistent outperformance across 1, 3, 5, and 10-year timeframes• Corporate Bitcoin adoption has reached unprecedented levels, with 70 major companies holding and increasing their Bitcoin treasuries• 21 countries now considering Bitcoin as a strategic reserve, a concept not even discussed a year ago• Technical analysis suggests similarities between current market conditions and those before the October-November 2023 rally• Bitdeer's technological advancements in ASIC efficiency could dramatically reduce mining costs, with their Seal Miner A3 achieving 9.7 J/TH• Minor volatility should be viewed in context – the S&P 500 is essentially flat over the last six months despite mainstream market panic• Griffin Mining resolved its dispute with Sphere 3D and received NASDAQ notification regarding minimum bid price requirements• Miner Madness competition demonstrates extreme mining stock volatility with complete reversals in the analyst leaderboard in just weeksLet us know in the comments which camp you're in – do you think the cycle peak is behind us, or are we partway through the bull cycle with more upside ahead?
