I keep seeing the same debate. Historically, BTC follows a roughly 4 year cycle tied to halvings. Massive bull run → euphoria → blowoff top
Then 12 to 18 months of brutal bear market with 75 to 85%+ drawdowns Accumulation → next halving → repeat We’re now what? 8 to 9 months after what looks like the 2025 peak. BTC has already corrected hard, alts are getting destroyed and capital seems to be rotating into other assets. To those who’ve lived through multiple cycles does this bear feel similar to 2018 or 2022 so far? Or are there structural differences this time ETFs, institutional money, macro environment, etc. that might break the classic pattern? I’m not looking for hopium or "this time it’s different" copium just raw observations from people who’ve been through it. Is the 4 year cycle still the best framework, or are we seeing something new?