We have half a billion dollars in $BTC longs trapped around $82K. Buyers who longed the pullback into support and held all the way down. Given that’s almost 10% above where we’re trading now, it’s a shit ton of exposure for a recovery to work through and go straight to the highs again. The first step in recovering bullish momentum is simply holding the range, stabilising and working back towards that pivot. If we start getting a move into those entries, then it gives those trapped longs a chance to exit at breakeven or a smaller loss, reducing the pressure on the current range support, even if we eventually return to the range lows. Hold range lows. Clear trapped liquidity. Build higher lows and squeeze shorts. Reclaim prior range support at $80K. That’s typically the sequence you want to see in this kind of situation. If we can complete that sequence and reclaim $82K as support, then the entire flow of trapped liquidity changes, and we start putting the pressure back on shorts.