$BTC After a relatively straightforward ride lower since October rewarding those who spotted the momentum shift early and positioned accordingly (exits or shorts) We're now reaching that tricky phase in the cycle where the "easy" trade starts to exhaust itself imo. Prices can (and may) still grind lower, but navigating this market is about to get significantly harder. The driver? Late arrivals finally acknowledging the downtrend — after a ~40% decline has already played out — piling into shorts and creating the exact fuel needed for violent counter-trend squeezes. Classic cycle psychology in motion. Suspect we're transitioning from Complacency → Anxiety right now.