$BTC

Alright, let me break down what's actually different this cycle without sugarcoating it:

First off—and yeah, everyone's talking about it—we've got noticeably higher lows compared to last time. That's the obvious part.

But here's what's really worth paying attention to:

The macro backdrop is completely different. Stock indices aren't behaving the same way they were during the previous cycle. When you stack the two periods side by side, you see how divergent things have gotten. The economic conditions supporting or pressuring Bitcoin right now aren't a carbon copy of what we saw before.

That matters more than people realize when you're trying to figure out where this actually goes.