Let's crunch some numbers on Bitcoin. Looking back at the last 3 major cycles since 2024, there's a pattern worth examining. History shows us something clear: Bitcoin has never transitioned into a bear market without euphoria showing up first on the monthly RSI. That's been the tell-tale sign—every single time. But here's what's interesting right now. We're not seeing anything close to that kind of extreme reading. The monthly RSI isn't flashing those overbought signals that typically precede major pullbacks. No euphoria, no capitulation setup. Just steady movement. That changes the entire narrative about what comes next.