Cycle Comparator
Halving cycles normalized to price at halving day. Compare shape, magnitude, and time-to-peak.
Cycle 1 (2012)
94.0×
Peak day 365 · halved 2012-11
Cycle 2 (2016)
30.0×
Peak day 525 · halved 2016-07
Cycle 3 (2020)
8.0×
Peak day 545 · halved 2020-05
Cycle 4 (2024)
3.6×
Peak day 540 · halved 2024-04
1200d
Log
Linear
Cycle 1 (2012)
Cycle 2 (2016)
Cycle 3 (2020)
Cycle 4 (2024)
Normalized price (multiple of halving-day price)
Reading the chart
Each cycle is anchored at its halving event (day 0) and indexed to its halving-day price = 1×. Magnitudes are decaying across cycles — common framing for the "diminishing returns" thesis. The dashed line marks how far into Cycle 4 we are today. Synthetic data; swap in real prices to replace these series.