According to @CryptoMichNL, the traditional 4-year cycle no longer applies and a longer cycle with unprecedented valuations for BTC and altcoins could play out before a major crisis, based on his X post dated Sep 20, 2025 (source: @CryptoMichNL on X, Sep 20, 2025). For traders adopting this thesis, positioning may favor extended holding horizons for BTC and high-beta altcoins, staggered profit-taking into strength, and maintaining hedges or cash buffers for a potential macro shock, as direct implications of his longer-cycle-then-crisis view (source: @CryptoMichNL on X, Sep 20, 2025). Cycle-timing models anchored to halving assumptions may require reassessment under his framework, including recalibrating drawdown expectations and liquidity management for a prolonged upswing followed by stress, as inferred from his stated outlook (source: @CryptoMichNL on X, Sep 20, 2025).