Possibly yeah.

My thinking is that the last few cycles Bitcoin had orders of magnitude smaller market caps that could be more easily swayed by the standard market players and public attention. As a result the previous breakout tops were the result of temporary market bubbles to beyond sustainable prices, resulting in a pop followed by a bear market.

Now that the network is worth 2+ trillion these market players are no longer able to influence the price as they once could simply because they're relatively smaller now. We are going to reach a point sooner or later where we just no longer have blowout tops ever again, but I think we could go either way at this point.