My view on the current setup, based on QVX filters.

Coinbase's premium turning negative for four straight sessions is telling — it suggests US institutional demand is cooling while ETF flows have also slowed. I've seen this movie before: it doesn't guarantee a top, but it does mean chasing strength here carries poor risk-reward. Staying patient 📉

My full QVX commentary and trade logs are at https://www.qilanx.com/ledger-archive

#QVX #Opinion #BTC