Two bull markets, and they both had identical double tops. During this wave at $120K, many viewpoints about the super cycle only going up and not down (also made me hold onto BTC—different from before, so holding BTC caused a 20% loss). Think about it, in the last bull market when BTC hit $1M, the viewpoints at the start of the big cycle were the same. At that time, the strongest believer in the eternal bull market was Three Arrows Capital—not long after, it went 'to zero.'