I don't believe in the 4y cycle, but man... history is really repeating itself right now. Thoughts: 1. Luckily, the percentage ranges are compressing with each passing cycle. It's hard to see BTC collapsing more than another 30% from here. While painful, that's totally manageable. 2. Do I believe we're in a bear market for the next year? No, because instead of a few retail degens vomiting BTC there's a broader and more deep-pocketed participant base this time. 3. There are many entities which will lift at these levels. In the prior cycles, only the halving could break the bear market equilibrium. h/t @mattia_sera for the analysis. Worth a follow.