I don't think they've ever been the same. Each epoch seems to have been unique in its own way. As soon as everyone thinks they know what Bitcoin's does, it does something else. There's always the random scams, hacks & frauds that have blow up to make the bears brutal.
SuPeRcyCle is the idea that you don't really have a bear, it just keeps going up/sideways. It seems to be playing out so far.
I think there's a growing number of people with a lot of wealth that are finding out they're severely underexposed to Bitcoin. I think many are currently patiently & quietly accumulating. I think MSTR is about to turn their infinite capital siphoning machine on again.
I didn't anticipate this much crab but this also fits with the SuPeRcyCle theory. I can't see us spending the next 12 months under or around $100k.
I wouldn't be surprised if next year's Uptober, we're consolidating at $150K after tapping $200K. I'd be disappointed but not surprised.
I'm bullishly biased man but looking back, that has worked out well for me when averaged out. The only regret I had was using leverage.
