Since early February, every attempt to reclaim $70k has met demand exhaustion, with even >$5M/hour in net realized profit triggering rejection. Contrast that with Q3 2025’s euphoric phase, when profit realization surged to $200–350M/hour. Ongoing regime of thin liquidity makes a sustained recovery into the $70–80k range structurally challenging. 📉http://glassno.de/4kHB925(glassnode)