Nothing explains this level of manipulation.

Endless dump. Zero bounce. Every indicator screamed bull run.

Every long from the past two months? Wiped. We're back to August levels — right where the pump started.

This is what capitulation looks like. The market doesn't care about your indicators or your conviction. It cares about liquidity.

I've seen this before. 2018. 2022. Same script. Flush the longs, break the structure, make you question everything.

But here's the thing: cycles don't die. They reset.

Stay disciplined. Protect capital. Wait for the structure to rebuild. The next leg up always comes after maximum pain.