Each cycle is unique and different from the previous ones! We can't compare the world of 2017 and 2024! So many events have happened that change the world, the economy, geopolitics that perhaps in 2028 we will still remember with a smile the whole nightmare of the previous 5 years! If $BTC simply updates a new high according to the algorithm, this does not mean that the cycles are identical!
For clarity, here are 3 snapshots of November 2017-2021-2024! If the cycles were always the same, then the top 15 assets would always be the same! But I think some of you won't even recognize the coins of 2017) New assets appear, new teams, funds invest and drive new projects to the top with marketing, then unload their bags, take billions out of the market and the project flies out of the top 50 even) Elementary, in 2021, pump of meme tokens was the last event where liquidity flowed, now perform BTC and memecoins only! And whether liquidity will flow to other sectors, we don't know, and if it does, how much!
Each cycle is absolutely different from the previous one in everything! Bitcoin is not equal to the entire crypto market! And even Bitcoin has shown in many examples that old patterns do not work and old experts in a hurry began to come up with excuses for themselves, what has changed! Everything changes in dynamics
