Bitcoin cycles measured through return momentum over time - currently accelerating up

The above is an animation I created that shows bitcoin's daily returns over the last 8 years measured over time. It shows in which cycle bitcoin is in as phase diagram. The idea is surprisingly simple and yet very insightful, expecially when animated.
Was inspired by the original formulas and creation by Sheharyar at MC Finance who I think originally came up with it, I just tweaked it, cleaned the smoothing and added an animation over time.

What is most striking is that you can see that large negative returns follow large positive returns over a prolonged period of time.

There is no snap towards the middle but instead, even with minimal smoothing the returns follow beautiful orbits and that "momentum" is very real, even if measured in digital asset returns.