Phase 1 - Bitcoin runs.. started in 2022 it is still running albeit after a big mid cycle correct.
Now with business cycle rallying and ism numbers up we are starting to see $ETH outperform $BTC.
As far as the macro is concerned crypto sits in a similar place to late 2020, before a huge 2021.
We are not in 2022 - we are not in a ' 4 year cycle came early' environment.
We have rapid expansion that started already and will end within the next 12 months. Then the real bear hits.
Crypto is an asset class sensitive to liquidity and macro environment. The halving is more or less meaningless now and to believe crypto is driven by the calendar is foolish.
