Incredible The same playbook has been running since Bitcoin bottomed at 65K when I issued my long signals. Price keeps doing the same sequence. Bitcoin pumps, then reverses and flushes out the late longs. First move: 65K to 74K, then back to 70K. Next move: 70K to 78K, then back to 74K. This latest leg was shallower, which suggests buyers are getting tired. Seventy four thousand to 79.5K, then down to 77K. But the pullback may take longer than usual because everyone is waiting for it. Funding is negative and the options market now has more puts than calls. Short term, the market is being driven by traders and the liquidation of traders. Long term, the drivers are much stronger than trader positioning alone. How are you positioned? BTC(Seth)