Everyone's talking about Bitcoin cycles breaking down but I think we're missing the bigger picture. The traditional 4-year halving narrative worked when crypto was primarily retail-driven and speculative.

Now we have ETFs, institutional custody, corporate treasuries, and sovereign wealth funds participating. These players don't care about your cycle charts. They care about portfolio allocation, risk management, and long-term value creation.

Bitcoin dropping to $113K today isn't breaking the cycle - it's showing us that crypto is becoming a real asset class with real institutional dynamics. The volatility is still there, but the reasons behind the moves are evolving.

Maybe it's time to stop thinking like retail traders and start thinking like institutional investors.