$BTC still grinding through accumulation zone—don't mistake this bounce for a trend flip yet.
U.S. 10Y yields pushing 4.7% are capping upside. On-chain data screams capitulation phase: sell-side exhaustion isn't done, even if drawdown is shallower than past cycles.
Derivatives sentiment warming up, but spot bids? Still anemic. This rally's leash is short—macro tightening + distribution overhang means we're not out of the woods.
Stay patient. Real reversal needs liquidity confirmation, not hopium.
U.S. 10Y yields pushing 4.7% are capping upside. On-chain data screams capitulation phase: sell-side exhaustion isn't done, even if drawdown is shallower than past cycles.
Derivatives sentiment warming up, but spot bids? Still anemic. This rally's leash is short—macro tightening + distribution overhang means we're not out of the woods.
Stay patient. Real reversal needs liquidity confirmation, not hopium.