According to the psychology of the market cycle, the current structure is almost perfect.

Bitcoin is already close to the euphoria stage, Ethereum is just approaching this range, and altcoins are only emerging from depression and are likely currently stuck in the disbelief phase.

The most pleasant thing about this is that the final journey in the cycle, which Bitcoin takes months and even years to complete, altcoins go through many times faster.

Can everything be so obvious?

The structure is not a secret — and in past cycles, liquidity moved exactly the same way:

1️⃣ first Bitcoin

2️⃣ then Ethereum

3️⃣ and finally altcoins

Yes, the timing has shifted a bit, but the logic itself has remained unchanged.

However, you know what happens — most participants are once again confident that they can outsmart the market and are betting on those assets that, according to the rules of the cycle, should rise at the end, expecting things to be the opposite.

If all of this is so predictable, and people have experience from past cycles, then why does everything happen the same way, and retail is repeating the same mistakes again?