The crypto halving cycle refers to the periodic reduction in new cryptocurrency token issuance, most notably in Bitcoin. This event influences market trends and can be analyzed alongside market data shown in the chart. Let's explore how to use the halving cycle with these metrics:

1️⃣Understand the Halving Cycle and Its Market Phases1️⃣

Bitcoin's Halving Cycle

• Occurs every 4 years (every 210,000 blocks).
• Cuts Bitcoin mining rewards by 50%, reducing supply.
• Historically triggers a bullish market cycle, followed by a correction.
• The phases of a halving cycle:
  • Accumulation Phase**: Pre-halving period with low activity—ideal for buying at lower prices.
  • Bull Market Phase**: Post-halving period when supply shock drives prices up.
  • Correction Phase**: Period after the bull market when prices normalize.

2️⃣ Using the Metrics in the Chart2️⃣

Track these metrics through each halving cycle phase:

TOTAL (Crypto Total Market Cap)

Measures overall market size, which typically expands after halving.

What to look for

• Pre-halving**: Gradual, steady growth.
• Post-halving**: Sharp market cap increase, showing bullish momentum.

TOTAL2 (Market Cap Excluding Bitcoin)

Shows altcoin performance compared to Bitcoin.

What to look for

• Pre-halving**: Altcoins typically underperform as Bitcoin dominates.
• Post-halving**: Altcoins rally after Bitcoin's trend establishes, launching "altcoin season."

TOTAL3 (Market Cap Excluding Bitcoin and Ethereum)