My entire feed is filled with people comparing this cycle with the 2021 cycle fractal.
Just like the 2021 cycle was different from 2017, this cycle will be different from 2021.
And you can't expect things to play out in a similar way just because of one fractal.
Here are those things that are completely different:
Bitcoin dominance was at 40% during last cycle's peak. It was at 60% this time.
Alts/BTC and Alts/USD were at ATH during last cycle's peak. This time, most of them were already down 80%-90%.
The Fed was openly calling for rate hikes and QT during the last cycle's peak. The Fed is easing policy this time.
Russell 2000 Index peaked with the crypto market last cycle. This time, Russell 2000 is making new highs.
So just because a fractal looks similar to the last cycle, it doesn't mean the entire cycle will play exactly like it.