The Bottom Is Not In! Why We Get 4-Year Cycles

Bitcoin is up 19% from the February lows, but Mike argues this still looks more like a bear market bounce than a true bottom. He and Ryan break down why weak ETF flows, soft onchain activity, fading risk appetite, and rolling liquidity still do not look like the kind of setup that usually marks a durable low. They also map out the key BTC levels that would force a change in view, and what real capitulation tends to look like when the cycle finally turns.----📣GALAXYONE | SOLANA STAKINGhttps://bankless.cc/GalaxyOne  ----🎯THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.io/friends https://thedefireport.transistor.fm/https://thedefireport.io/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro1:50 Polling Investor Sentiment4:22 The Four-Year Cycle Explained13:02 Market Dynamics and Investor Psychology17:17 Examining Current Liquidity Conditions27:31 Fiscal Policy and Its Impact29:07 On-Chain Analysis of Bitcoin39:10 Understanding Market Trends and Patterns44:04 Closing & Disclaimers----Not financial or tax advice. For educational purposes only.