We are entering the most DECEPTIVE phase of this cycle.
Completely normal.
Retail panic.
They assume "that was the peak."
So they sell.
Then the price rebounds stronger.
They re-enter due to FOMO at higher prices.
They chase it again, now with a worse entry.
That panic exit + emotional re-entry?
Feeds the final parabolic phase.
This is how peaks are formed:
Not through fundamentals.
But through an emotional whiplash.
The peak will not look terrifying.
It will look unstoppable.
That’s when it ends.
