We won’t know until we get there. I’ve been reading a few insights, and some still believe there will be one last run in the first quarter of 2026. Honestly, the market has changed compared to how it was before. The “history repeats itself” scenario didn’t happen this year. The run we were anticipating didn’t happen; instead, the market went red. Hopefully, we can see it next year before we completely enter the bear season.
I don't know what basis you have for saying that the market has changed, that history does not repeat itself. But in my opinion, history has repeated itself, albeit with some minor changes.
Bitcoin surged and reached numerous record highs throughout 2025. The price of Bitcoin has increased from $15k to $126k, approximately 8 times, and is up about 82% from its peak in the previous cycle. Isn't that enough?
We need to be realistic that Bitcoin is no longer small, and expecting it to increase 5-10 times in each cycle is no longer realistic. I think those who are dissatisfied either had overly high expectations or invested in altcoins instead of bitcoin during this cycle.