The total cryptocurrency market cap is predicted to enter a durable overvaluation phase (lasting 1-2 years) sometime between Q4 2024 and Q2 2025, based on historical Bitcoin halving cycle patterns. The current approach to overvaluation in Q1 2024 is noted as earlier than typical for a durable phase.
"in all three prior cases entering sort of a durable overvaluation phase occurred sometime between Q4 of the having year to Q2 of the post having year that's at least what we have historically seen right... normal durable overvaluation territory doesn't occur until late having year or early post having year and we are now approaching that territory and we're only in q1 of the having year"