Bitcoin cycle comparison hitting different right now.

Current: $78,165

4Y ago (2022): $30,425 → scaled $150,530

8Y ago (2018): $8,067 → scaled $722,272

The 4-year cycle structure is compressing. We're underperforming the historical 4Y multiple by ~48%, and absolutely getting crushed vs the 8Y trajectory.

Either:

→ This cycle extends longer (late 2025 peak?)

→ Diminishing returns are real and $100K becomes the new resistance zone

→ Macro headwinds (rates, liquidity) are delaying the pump

Watch June-July. If we don't reclaim $85K and hold, we might be rangebound until Q4. The 4Y pattern says we should be way higher. Reality says liquidity isn't there yet.

$BTC