Recently, the term "super cycle" has become popular in the community. Many industry insiders are discussing this concept, reflecting investors' new understanding of long-term market trends.

A super cycle essentially refers to larger-scale market fluctuations that span multiple traditional cycles. This view suggests that the crypto market no longer operates simply according to the traditional 4-year cycle, but instead has a more complex and longer-term cycle structure.

Why has this topic suddenly become a hot topic? On one hand, the long-term performance data of mainstream assets like Bitcoin and Ethereum support this analytical framework; on the other hand, the entry of institutional investors has changed the market structure, leading to new characteristics in market cycles.

For traders and investors, understanding the concept of a super cycle helps in making more long-term asset allocation decisions rather than frequently chasing short-term fluctuations.