📝 When BTC dropped to $75K, many were quick to declare the start of a new bear market. But I repeatedly emphasized that this was a short-term correction, not a structural reversal. And so far, price action has followed that thesis.

📍 As noted earlier, macro liquidity remains the key driver. Bitcoin continues to mirror the M2 money supply with a 3-month lag, and the latest surge in global liquidity is clearly reflected in BTC’s renewed strength.

💡 While the broader picture remains bullish, opening light hedge shorts (on a small portion of the portfolio) in the $102K–$107K range could be a smart risk management option in the late phase of the market.