@seonglea
BTC thought
Longer-Term (Full 2026): Bearish Caution
Bigger picture: Liquidity flows have been fading relative to price strength since early 2025.
We're in the "hot zone" — late-cycle final stages where momentum lacks real support from fresh money. Risk of topping out here.
Bear market isn't confirmed yet (needs sustained negative outflows to lock it in), but without a big wave of long-term spot inflows soon, downside pressure builds. Views held lightly — data can shift!
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