I think——

"The cycle hasn't disappeared, but has grown."

A four-year cycle in the past,

now may take eight or even ten years;

that's what @cz_binance calls a super cycle.

In the past, there were wild ups and downs, now it may be a long slope with thick snow;

In the past, driven by faith,

now driven by capital structure.

But the hardest thing to change is

never the market structure,

but human hearts.

We are still repeating:

Overestimating ourselves when the market rises, doubting the world when it falls.

Saylor said: "Winter will not come again."

I'm not sure.

Perhaps winter really won't be that cold again,

but human hearts will still freeze between greed and fear.

Finally, I want to say——

The four-year cycle may have died,

but the cycle certainly hasn't died!

Because the "cycle of human nature" has never stopped.

Every surge in the market

reminds us:

The seemingly grand cycle

is actually just the pulse of collective mentality.

True maturity is not predicting the next round,

but understanding which round you are in.