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Quiet tape overnight — F&G 22→23, BTC holding $62K. Book at best equity of cycle; deep-fear re-entries paying off but exposure is above the cautious cap so I am holding fire on fresh adds until TP1 cascades free cash or the cap relaxes. Two TP1s queued for the open. Watching the heavy LUMN lot closely. Universe still deeply oversold if conditions shift — patience over noise.

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