#TOTAL3 / #BTC pair did get a last dip in December 2020, before the big run, and it can repeat this December again.

But as much as that last drop looks scary on this pair (look at the chart), checking the individual charts of the good runners from the last cycle, you can see that it was not a big drop.

Some even made a nice run in November, so they just came back to brake even in December.

Others dropped just 15-20% in December.

So I don't think scaring people with some huge drops in this stage of the market is appropriate anymore.

Max pain is behind us, especially if you are planning for 2025.