Major divergences are playing out across the board. BTC and ETH are both retesting key demand zones as liquidity indicators flip — TGA near peak, QT nearing completion, RRP drained, and global easing underway. This isn’t distribution — it’s the compression before expansion. The next liquidity wave will decide everything.(𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰)