Bitcoin has historically exhibited sharp, aggressive breakouts during previous cycles. Whether that remains true in the current environment is less clear to me, as recent price action may be signaling a shift in behavior and market cap growth. Much like how indices such as the SPX and NQ tend to grind higher following a break above all time highs, btc *might* be starting to mirror this more measured price action semantic, driven by growing institutional and commercial involvement. I still view bitcoin as somewhat of a high-beta asset vs the other majors, and its expanding market cap and broader adoption may gradually steer it towards a more mature, cycle, driven price dynamics. Thoughts?