Today, I saw people discussing Strategy’s recent coin-buying activity. This short-term stimulus doesn’t affect the long-term trend, and Strategy is also a large retail investor. BTC is no longer susceptible to market manipulation—no one can predict its direction. All we can say is that after realizing paper profits, Strategy has more room to buy. Looking at the longer term, ETFs are still experiencing net outflows, and holding above $80K remains extremely difficult due to heavy selling pressure. On the macro side, whether it’s the Fed’s hawkish remarks or escalating tensions between the U.S. and Iran, all are challenging already fragile investor sentiment. Short-term volatility is dropping rapidly; a single bullish candle is unlikely to sustain a bull market. We hope a slight pullback will allow prices to reach above $85K—otherwise, arbitrageurs and sellers will generate significant selling pressure. Gex is building up toward month-end, and this momentum needs to be sustained.