Wang Feng: Bitcoin Has Shaken Off Halving Cycle and Now Moves With the US Stock Market and Economic Cycle

COINOTAG reported on August 24 that Linekong Interactive founder Wang Feng tweeted his view that Bitcoin may have “shaken off its halving cycle effect” and is beginning to trade more in line with the US stock market and the broader economic cycle. He added that Ethereum and the attendant crypto market wave could increasingly exhibit similar behavior, while emphasizing the need for further observation rather than asserting a definitive regime change.

If accurate, this assessment highlights a rising macro correlation that market participants should monitor through measurable indicators such as correlation coefficients, realized volatility, on-chain flows and beta relative to traditional equities. Traders and institutional investors are advised to apply robust risk management—including diversification, dynamic allocation and liquidity stress testing—while tracking macro drivers like monetary policy and liquidity conditions to inform position sizing and hedging strategies.