BTC tracks the S&P 500 most of the time. But when positioning becomes too heavily skewed to the long side, market makers and exchanges need a reset. That’s what triggered the 10/10 deleveraging event. Roughly 50 to 100 billion dollars in liquidation on that day. The flush forced Bitcoin to decouple from the SPY and the QQQ. The red line is pure directional. There will come pullbacks and consolidation. The price may chop here for weeks on the same level before the pump begins.(Seth)