A distinction I think a lot of people miss is that when I say we are mid-cycle, I'm not directly referring to Bitcoin, I'm referring to the business cycle.
Bitcoin's own cycle structure can be interpreted in a number of ways, a short cycle can be a left translated 4 year cycle for example, but in terms of what is driving it, I think the heating of the business cycle is why the low was shallow and a little shorter.
Crypto more broadly is perhaps at the start of a new cycle, having been in a 5 year downtrend due to challenging macro conditions.
Where all the analysis converges and agrees is that are heading into an uptrend and I think it will be a broad crypto bull market, but whatever happens, we need to be careful of allowing terminology to determine what camp we sit in, and instead focus on real signals like the business cycle, liquidity and capital rotation.
$EMA - $SPCX [ 12hr eMA /RING] Yesterday and tomorrow were/are the large block release schedule.. (meaning shares are unlocked and cane be sold -- not necessarily will be sold) Dec 8th is the last big block to be release. I suspect there's going to be an industry buy frenzy FOMO.