Only one month into 2025, and it feels like all the pitfalls of past bear markets have already exploded? The liquidation of leveraged market makers in 2011, similar to the Luna crash and Three Arrows bankruptcy in mid-2022, is essentially a deleveraging process driven by insufficient liquidity. The exchange battles are somewhat reminiscent of the BCH fork at the end of 2018, a hash power war. The BTC monthly RSI has fallen to 48 (temporarily, with 5 hours left before closing), equivalent to levels seen in October 2014, October-November 2018, and May 2022. While clinging to outdated methods is futile, the consensus of a four-year cycle and market expectations for bull and bear markets can lead to earlier-than-expected bull market tops and bear market bottoms, including various crisis events.