WHY DO I SEE THIS AS A LENGTHENING CYCLE? 🕒

➡️ Historically, bull runs after halvings stretch 14–18 months. We’re 15 months out putting us mid-to-late phase.

➡️ Spot Bitcoin ETFs have attracted billions, plus huge corporate and global adoption.

➡️ The U.S. Strategic Bitcoin Reserve plan (targeting 1M BTC over 5 years) shows strong, long-term support.

➡️ Retail euphoria is missing a clue the top isn’t here yet, with BTC dominance near 65% and altcoins still behind.

➡️ 2025 rate cuts, cooling inflation, a weaker dollar, expanding global M2, and a slowdown in QT all point to a bullish macro.

Institutional momentum is here and at a $3.4T market cap, crypto still looks undervalued.