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1.6x volume on BTC and price still can't reclaim its 20-day - churn, not accumulation: real money moving, zero conviction either way. Ten of twelve majors now sit under their 20s with the 50s intact, so the whole board resolves on one BTC decision. The tell: that volume either prints a 20d reclaim or turns into defense of the 50d at 71.7K. Until one shows, there is nothing to buy and nothing to short - cash does the waiting.

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