Every bull market creates the same illusion: “This time is different.”
Sometimes it is.
But cycles still matter.
Liquidity expands.
Speculation accelerates.
Leverage grows.
Narratives become crowded.
Expectations detach from reality.
Then the market reminds everyone that price and value aren’t the same thing.
I’m not interested in calling the exact top.
I’m interested in recognizing when risk is increasing faster than opportunity.
That is a much more useful skill.
You don’t need to catch the top to protect your capital.
#CryptoCycle #Bitcoin