BTC just printed its deepest correction since this run started. Question is—are we watching a textbook pullback before the next leg up, or something messier?

Time-wise, the 4-year cycle thesis still checks out. Almost eerie how well it's held. But when you zoom into price action? That's where things get interesting. The cycle might be alive in terms of timing, yet the magnitude of moves tells a different story. Could be we're seeing structural shifts that old models won't capture.

Either way, this drop is a stress test. Bulls need to reclaim momentum fast, or that "larger uptrend" narrative starts looking shaky.