Bitcoin's leverage flush barely dented the bull case: $BTC sits at 84,336 after a 4.1 percent intraday drop that liquidated 277.8 million in longs versus just 68.4 million in shorts. 1⃣ Leverage trimmed, not cleared. Binance open interest fell 7.7 percent, yet longs still pay shorts, a sign bullish positioning got reduced rather than wiped. Roughly 15 billion in options expire Friday, so expect volatility around that print. 2⃣ The 77,000 line is the regime marker. On-chain data shows unrealized gains still exceed losses and Bitcoin has not closed below its network average cost basis this bear phase. Holding near 77,000 keeps the recovery thesis intact; losing it flips the structure. 3⃣ Alt flow is rotating hard. ONDO jumped 27.3 percent on 116 million in quote volume, with XAI up 34.3 percent, LSK 27.3 percent and SAGA 26.4 percent. T. Rowe Price adding SUI to a proposed active crypto ETF and NEAR Intents routing 446,000 into buybacks last week show capital chasing usage, not just price. Leverage reset plus contained holder losses leaves the 77,000 level as the line that decides whether this is a pause or a deeper break. Which matters more this week: Friday's options expiry or the 77,000 retest? Reads like this land in the community every day, and my bio shows where to find them. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Macro Insights#