Bitcoin surged 8% on Wednesday, reaching $93,079, amid indications that traditional price cycles may be shifting. The cryptocurrency market experienced $19 billion in liquidations on October 10, which initially drove Bitcoin's price down to $82,000 by November 21. However, the digital asset has since rebounded over 11%. Research from Bitfinex highlights a reduction in leverage and more stable behavior among short-term holders, suggesting a leaner market structure. Analysts believe the October liquidation event cleared weaker positions, potentially paving the way for more stable price movements. Bitcoin analyst PlanC has noted that the current cycle appears to deviate from historical patterns typically associated with halving events.