This is the single most importance difference between the previous cycle and this one.

At the top of the previous cycle, liquidity had peaked after a phase of large expansion.

Every bull cycle has occurred at this time.

This time, however, liquidity has bottomed at what is supposedly the end.

Here is what people don't understand and why this cycle has confused everyone so much.

- Bitcoin has moved from $15k to $126k on ranging liquidity, for the first time ever
- Bitcoin was driven by slight increases in liquidity, but mainly by ETF and government adoption(previous cycles did not have this)
- Stocks have been driven by AI

And this has all happened within the typical 4 year cycle window, which on the surface, makes it seem the same.

But it is not.

You can clearly see yourself that as we entered the bear market of 2022 liquidity was drastically dropping after a year of stimulation.

Now, we are at the very bottom of the liquidity needs for the system to function.

Everyone is wondering why this cycle has been so different.

Why Bitcoin has not gone parabolic.

Why alts have not performed at all.

Well the answer is right here.

There simply has not been the liquidity to support this scale of an overall market move.

But liquidity is increasing again now, you can see that in the chart already.

The liquidity/business cycle has only just entered a new expansion phase and we will not be entering a bear market from here.

When you compare this with BTC.D, ETH/BTC and TOTAL...

You can see just how different of a position we are in now to the position we are usually in when we enter bear markets.

It is all there for you to see if you choose to do so.