WHY BITCOIN HAS TOPPED (126k Cycle Top Argument) 1. Classic Post-Halving Blow-Off Structure BTC hit 126k right after the mid-cycle liquidity peak. 2. Extreme Funding \& Leverage Funding rates went heavily positive. 3. Profit-Taking By Long-Term Holders On-chain shows
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WHY BITCOIN HAS TOPPED (126k Cycle Top Argument) 1. Classic Post-Halving Blow-Off Structure BTC hit 126k right after the mid-cycle liquidity peak. 2. Extreme Funding \& Leverage Funding rates went heavily positive. 3. Profit-Taking By Long-Term Holders On-chain shows