The classic four-year halving cycle narrative has lost its predictive power. What we're witnessing isn't a pattern-based market anymore—it's far more fluid than that. Capital concentration now trumps timing theories. Where does the money actually flow? Which narratives capture investor attention? These questions matter infinitely more than calendar-based predictions. The 2025 market clearly proved this: outcomes hinged on liquidity clustering and mindshare competition, not cyclical patterns. Winners emerged where capital congregated, not where the old playbooks suggested. The era of self-fulfilling cycle prophecies has ended. We've entered a liquidity-defined market where agility and capital tracking beat timing discipline.