🚨THIS IS THE SAME BTC CYCLE PLAYING OUT AGAIN 2018 -> 2022 -> 2026 You’ve seen this before, just on a different scale Look at the structure - Parabolic move -> distribution - Sharp dump -> false bounce - Long bleed -> final capitulation This exact sequence already played out in 2018 and 2022 Now we’re in the same phase again Let’s break it down without the noise Previous cycles: 2017 top -> 2018 bottom: ~84% drawdown 2021 top -> 2022 bottom: ~77% drawdown Each cycle = slightly smaller crash, but same structure Current cycle: - Top ≈ $126K (Oct 2025) - Now sitting ~40–50% down If the pattern holds, we are NOT at the bottom yet Time matters more than price - 2018 bottom came ~360 days after ATH - 2022 bottom came ~370 days after ATH That points to potential bottom around Q3–Q4 2026 Not now On-chain confirms this Previous bottoms: 45–53% of long-term holders in loss Today: ~29% That means: - Pain is not deep enough yet - Capitulation phase likely still ahead Same with NUPL At every real bottom, market sentiment hit extreme pessimism Right now it still far from those levels Translation: market hasn’t fully reset What’s different this time? - ETFs brought institutional demand - Volatility is lower - Liquidity matters more than halving So yes, the cycle repeats… But in a slower, more controlled way Most likely scenario: - Not a fast crash like 2018 - Not a clean V-bottom like people expect More like: - Slow bleed - Fake recoveries - Final flush later in the cycle If you think this is it… You’re early