Bitcoin is on pace for the flattest year in its entire history.

BTC is up just 1% year-to-date

All year long I’ve been saying the same thing:

The ETF era killed the 4-year boom/bust cycle.

Volatility is structurally lower.

Long periods of consolidation are the new norm.

This is what an asset looks like when the buyer base matures from retail speculation → global institutions.

meaning - so called 4 year CYCLE is FUCKED