What if this is just a local top and we're already in a supercycle where the old 4 year pattern doesn't work anymore! In past bull runs pullbacks like this were normal before the next move up. ➠ 2017 had six corrections of 30-40% each ➠ 2024 saw mid-cycle dips around 25-30% After that $19B liquidation event on Oct 10, $BTC held around $108-114K. If this were the actual peak, we'd probably see it breaking below $100K by now. People keep asking why isn't BTC following gold and stocks & is lagged in the risk-off environment. We're just witnessing the mid cycle correction process over longer timeframes now cuz the 4 year cycle is probably done imo. I'm not commenting on the alt market run here because it is already happening since Oct 2024. It has been niched down to few narratives. April 24's halving only cut inflation from 1.7% to 0.85% which was the weakest supply shock ever compared to 50% cuts in 2012/2016. You've to remember... ➠ After ETF approval in Jan 2024, BTC dipped 20% before rallying 150%+ ➠ After Trump's November 2024 win, it jumped 33% to $75K, then consolidated 10-15% before pushing higher ➠ Indicators that typically signal bull market tops haven't really triggered ➠ Onchain data shows low exchange inflows with holders accumulating ➠ ETF inflows still around $5B weekly Now these are the 2 scenario's which I'm looking at👇 1. If supercycle's real, some consolidation here, we reach higher by end of 2025, then a 20-30% dip again instead of the usual 80% crashes 2. Also if recession hits or tariffs kill risk appetite, this one could turn into a 40%+ drop Nation states are buying, institutions holding, tokenization growing. I personally am bullish longer term, but being careful here.