The new week kicks off with $560 million in longs wiped out to zero. To be honest, I’m not surprised by this drop. Oil is surging, U.S. Treasury yields are jumping, and U.S. stocks are sliding—risk assets are collectively getting drained, so it’s normal for Bitcoin to follow suit. What really makes me cautious is the news about Bitcoin Depot filing for bankruptcy. The largest Bitcoin ATM operator in North America, gone just like that. This isn’t about the price dropping a few points; it’s about the retail infrastructure decaying. The last bear market followed the same sequence: first, mining companies got hit, then exchanges blew up, and finally, it reached these smaller veins of the ecosystem. This week, I’m focusing on two things. First, whether the previous low can hold. Second, whether there’s any capital flowing out of stocks into crypto—betting on a risk rotation. Bitcoin is stuck at 76.9k, a spot where it could go up or down within the week. For this week, I’m expecting weak consolidation, and there’s a high probability of a sharp drop starting next week.