Its pretty strange and very funny that all the so called cycle specialists failed to call the cycle low back in late June early July..
This is why cycles are not run by a calendar...
Bitcoin Liveliness was 0.634 on 4 Sep...it is 0.633 today...and it has sat between 0.6334 and 0.6338 since 13 Sep...
That is coin-days spent against coin-days created...a month of price swings barely moved it...
Price vs. behaviour....
$BTC
Another week goes by with our cycle indicator calling the last several months spot on..
Not only calling the bottom of BTC, ETH and SOL in realtime but also calling the biggest breakout of 2026..
On 21 September I told members ETH/BTC was showing early weakness and a small pullback was likely.
Two red weeks since. Down 2.3% on the weekly close. Same high twice at 0.03342 and no break above.
Small so far. The bigger picture still has ETH ahead.
The cycle calendar said bottom in Q4 2026, down 75%+.
Bitcoin bottomed 1 July, down 54%.
Cycles exist.
The calendar doesn't run them.
Credit and the business cycle drive the turns, and they turned first.
The crowd has been bearish for 10 weeks while Bitcoin rose 29%.
Twice before, US investors stayed this gloomy for this long. Once Bitcoin ran 39% in the next 13 weeks.
Once it fell 10%.
A bearish crowd is context. It doesn't tell you which one you're in.