Bitcoin's parabola delayed: liquidity flip versus 2020–2021, per Sykodelic

Crypto analyst Sykodelic on X says Bitcoin's current cycle diverges from past four‑year patterns, with the liquidity index failing to peak near the latest high above $126,000. He argues the missing parabolic surge has been delayed, as spot ETF inflows and government‑level adoption coincided with range‑bound global liquidity since the 2022 bear‑market bottom.