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> Retail volume delta at its highest in months. > Institutional volume delta at its highest in months. > Cumulative net longs approaching $1B. Most will look at this positioning and call it bullish. I see another possibility. An overcrowded market sitting barely 10% above the cycle low, during one of Bitcoin’s historically weakest periods. If $BTC fails to break $67K, all of those positions will be trapped. And if that happens, I believe new cycle lows are inevitable. $NVDA #AIInfraEarningsWatch #CPIToResetFedBets #Nvidia500BAIInfra