I'm just not onboard with this hypothesis about the cycle and how bitcoin topped at $120k...that wasn't a cycle top.
Nothing about that said cycle top. Nothing about how alts behaved suggests that was a top like every other cycle. Not the fear and greed index, not the pi indicators, literally nothing.
Now people calling for $20k btc, alts bleed even more and we don't see an ath until 2029... Sorry that's not what this is