Anyone else feels like this cycle isn’t behaving like the old ones?

Been in crypto for quite a while and I’ve always kind of trusted the halving cycle playbook. BTC runs, then ETH catches up, then midcaps, then the shitcoin casino opens, you know the drill.

This time it feels off to me. BTC is doing its thing fine, but alts? Most of my bags are just bleeding slowly or doing these 2 day pumps that get sold into immediately. No real follow through.

Idk if it’s just that there’s way too much supply now (every week there’s a new L1, a new memecoin meta, etc) or if liquidity is just spread too thin across thousands of tokens that didn’t exist in 2021.

Not saying it’s over, just that the rotation thing people keep parroting isn’t really happening the way it used to. Or maybe I’m just coping because my portfolio ins’t looking so good this days.