Bears think $126k was the top, and btc will fall below $100k, and 2026 will be a bear market mainly because ... the 4 year cycle!?IMO that is a BIG misunderstanding. Yes, there is a 4y halving cycle that doubles S2F-ratio, and 6 months before until 18 months after a halving was very profitable last 3 cycles. But, 3 cycles is not enough for a reliable pattern, and it is absolutely not guaranteed that the top is again 18 months after the halving (Oct'25!). Also, S2F model says nothing about tops or bottoms, o ...