Bitcoin's weekly chart shows a slow, agonizing decline, numbing many to their vulnerability! The most devastating aspect of this type of drop isn't a single large bearish candle that wakes you up, but rather the gradual, daily dips and rebounds that make you think, "I can still hold on," or "A rebound is imminent." By the time you realize it, the weekly chart has already shown five consecutive bearish weeks. Wintermute's data clearly shows: Bitcoin's weekly close broke below the 50-week moving average of $75,500, ending a seven-week streak of staying above that level. This is a substantial technical breakdown, not just noise. But what truly sends chills down the spines of experienced traders is another piece of data: Whales on Hyperliquid switched from net long to net short two weeks ago. Their short exposure has reached its highest level since October 2025. Those retail investors who were still calling for a "bull run" above $80,000 have become the ones who have suffered the most from this slow, agonizing decline. Over the past 48 hours, over $1 billion has been liquidated across the entire network, 90% of which were long positions. A whale holding $253 million in long positions had $140 million liquidated this morning. The essence of this slow, insidious price manipulation is to force you to add to your positions on every small rebound, only to be wiped out at the next new low. The 50-week moving average has been broken; the next line of defense is the 200-day moving average at $73,000. Wintermute's next watch level is $68,000. Whether it holds or not depends on Tuesday's CPI data. Don't let the slow, insidious price action lull you into complacency and allow you to become complacent in a bull market. After a weekly chart breakdown, rebounds are for reducing positions, not for bottom-fishing.