Each cycle creates higher lows, indicating a long-term bullish market structure.

Retail investors often miss the lows due to fear in bear traps.

Logarithmic growth shows diminishing returns: 40X → 10X → ??X.

Predictions for the next cycle:

If the pattern continues, we can expect a decrease in returns but still significant.

Reasonable prediction: increase from 3X to 6X, depending on market liquidity, macroeconomic conditions, and adoption trends.