Let me lay this out for your as clear as I can.
Liquidity leads, it always has.
And there is one massive fundamental difference between right now and previous cycles.
When liquidity breaks higher, it typically does it for an average of around 550 days.
Right now, it has been 250 days.
I don't know who still needs to hear this but cycles are about liquidity, not time.
We can see here that every single cycle...
Liquidity leads, breaks higher, then $IWM follows, and
$ETH follows after.
Then when liquidity ranges, so do $IWM and $ETH.
This is because both $IWM and
$ETH follow liquidity.
And right