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$BTC
・pretty high conviction we're here, replicating similar conditions to the mid-cycle cooldown of '21
・price broke down from the top distribution range and a lot of rebuilding and healing needs to happen (it takes time)
・back then we were pocket-watching the Bitfinex whale and his walls, now it's the Hyperliquid degens
・conditions are ripe for overthinking and overly ambitious up and down targets will both be wrong
・vibe / sentiment very similar
・don't think vol dies off too bad, just turns into aggressive chop