The history of crypto market bull cycles shows an almost predictable pattern: silent accumulation, extreme euphoria, and painful correction.
But the cycle of 2025 seems to be breaking this traditional model.
What differentiates the current bull run is not just the rise in prices, but the nature of the agents involved, the infrastructure that supports the market, and the way capital flows. While past cycles were driven by speculation and narrative, this one is driven by data, structure, and integration with the traditional financial system.