$BTC cycle peak at $126,000 has triggered a decisive one year bear market meaning the current downturn is just the start of a deeper prolonged correction needed to bottom out. This decline is intensified by macro liquidity divergence as a booming US stock market and high Fed interest rates drain capital away from crypto, forcing the market to cannibalize itself. Consequently the defense of $60,000 is a trap smart money is exploiting weakening retail momentum to harvest liquidity, leaving blind dip buyers to serve as mere exit liquidity for institutional whales.
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