PANews reported on January 9th that a new chart from crypto analyst Willy Woo shows that Bitcoin's current long-term flows have not yet seen the massive influxes seen in previous bull market cycles, indicating that the market is still following the traditional four-year cycle. Despite the BTC price reaching $91,000, the inflow trend remains moderate, similar to the "accumulation period" at the beginning of 2020. Woo points out that unless there is significant non-cyclical capital activity in 2026, the claim of the "end of Bitcoin's four-year cycle" is unfounded, and current data still supports the logic of cyclical upward movement.