🚨 THE DUMP WASN'T A MISTAKE

This was not just panic. The $126k to $80k drop was a structural liquidity trap where mechanical selling converged with macro constraints.

Mechanical Flush: ETF outflows ($1.27B last week) and distressed corporate treasuries were forced to sell actual Bitcoin, creating a massive, non-emotional wave of pressure on the spot market.

The Macro Squeeze: For nearly two years, the Fed's QT pulled liquidity out, and the TGA locked up $700B on the sidelines. The system was starved, amplifying every sell order.

The Reversal Signal: Sentiment hit Extreme Fear (10), a historic turning point. Liquidity is now set to flip: QT is ending, and stablecoin regulation is creating a structural demand floor.

The selling is over. The convergence of forces created the bottom.

Zoom out.

This structural flush set the stage for the next rally.