Different this time? Doubt it.

Every cycle we see the Euthanasia Coaster play out. Fewer retail degens willing to ape into the JPEG casino each round. Less exit liquidity = pure PvP warfare.

The real alpha? The next cycle's winners are already positioning in narratives the market is sleeping on RIGHT NOW. Nobody knows what it is yet, but someone's bags are loading.

What's your ignored conviction play that everyone will chase next bull?