I do not claim to be right, but I will express my opinion regarding what happened to the market as a whole.
We have somewhat "smeared" the cycle, just like a hymen in pants... And the reason for this lies only with us, and there is no need to look for conspiracy theories.
Usually, we all know the approximate structure of the cycle, and it is more or less similar, but now we have a bit of a difference, only in that it has become less impulsive upward in price, and has stretched more in time. The reason here lies in the fact that we, and everyone who came into the market, spread our little money across an incredible number of diverse coins and projects - essentially scattering, whereas earlier we had BTC and about 10-15 more or less normal altcoins, and a huge number of users came in with money and gradually put this money first into BTC and then into other coins. And what do we have now? 100500 coins, and here we are like wild dogs rushing into the season and stuffing money into these 100500 coins, each to their own, because from every corner we are being told that this particular coin is your treasure, and essentially we have not really given a proper impulse to any coin this season. And as a result, we have such a weak position for ETH, a feeble SOL, and an XRP that hasn't been finished off... And of course, there is also politics.