Yes i am becoming more and more convinced that halving cycles no longer cause hype waves as newly minted coines are effectively backround noise when compared to trading volume and that in the context of institutions who are permanent holders. I think we may get one more retail fomo peak then an unsteady crash which bottoms much higher than people anticipate and continues to grind up from there. Then the real institutional fomo will kick in and all of the retailers stuck in the halving cycle paradigm will be getting dragged behind as bitcoin realizes its inflection point and the dollar prices grinds up steadily for the nextr 2 decades.