The fundamental issue with “this cycle” was expectations.

In Q1 2025, everyone believed Q4 2025 was going to bring the historical blow-off top.

Now here we are in 2026, and nobody knows what will happen (including the heavyweights).

This kind of uncertainty was the norm back in the day, and I think it was necessary for Bitcoin’s parabolic rises of the past.

If the majority don’t know what will happen, that’s a good thing. That’s your edge.

Embrace the unknown and you will thrive.