Today I saw someone discussing Strategy restarting coin purchases. This kind of short-term stimulus doesn’t affect the long-term trend, and besides, Strategy is just another big retail player. BTC is no longer susceptible to market manipulation, and no one can truly predict its movements. All I can say is that if Strategy has unrealized gains, there’s more room to buy coins. Looking at the longer time frame, ETF flows are still overall negative, and holding steady above 80K is going to be very difficult with such heavy selling pressure. On the macro side, whether it’s the Fed’s hawkish remarks or the escalation of the US-Iran conflict, both are challenging an already fragile investor sentiment. Short-term volatility is dropping quickly, and a single green candle isn’t enough to sustain a bull market. Hopefully, after a slight pullback, it can push past 85K; otherwise, arbitrageurs and sellers will create significant selling pressure. The month-end Gex is building up, so we need to keep this momentum going.