Do you understand what just happened?

$BTC pumped while Coinbase spot is STILL at a discount.

That means this move isn't retail FOMO. Someone with inside info is front-running — likely positioning ahead of the CLARITY ACT or similar regulatory catalyst.

They nuked shorts first. We haven't even hit premium yet.

The real institutional buying hasn't started. If this flips to premium, we could see a violent trap near $100K that wrecks latecomers.

Watch the basis. This is not organic yet.