Same thing happens every cycle.

And its always around mid cycle peak.
This further hits home where we are and my overall thesis.
You can see that each time Global Liquidity breaks out, Bitcoin moves slightly higher, then has a multi month correction...
Just like now.
Then, as global liquidity continues to increase, Bitcoin resumes higher again.
Last two cycles Global liquidity broke out for 671 days and 731 days.
Very similar.
So far, this cycle, we are only at 306 days.
What is also very striking to observe is that the contraction of global liquidity this cycle was much larger than 2016 and 2020...
Which has created a longer cycle overall.
But no matter the length, they are behaving in the same way, this cycle is just doing so on a more drawn out timeframe.
Lastly, this also aligns up completely with the longer contraction in ISM/PMI.
This is all linked, and its not a coincidence.
Everything is pointing to continuation.