🔥TOM LEE: “THIS DOESN’T LOOK LIKE A 4-YEAR BITCOIN CYCLE.” Lee argues this cycle is behaving differently from every prior Bitcoin cycle: 1️⃣ On-chain activity is rising. ETH addresses, usage, and TVL are moving higher — the opposite of prior cycle tops. 2️⃣ Leverage washout already happened. The October 10 selloff wiped out more leverage than November 2022, effectively front-loading the pain. 3️⃣ The macro cycle doesn’t confirm a peak. Bitcoin has never topped without ISM peaking — yet ISM has been below 50 for 36 straight months. 4️⃣ Inter-market signals don’t align. Every BTC peak coincided with copper outperforming gold — today, gold is still leading.(Coin Bureau)