GM. The $69K to $70K level that held repeatedly throughout this entire range has given way. $BTC is now at $68,782 and all three CVD lines have been trending lower together since the peak with no meaningful divergence between them. That alignment is not particularly encouraging, spot is not leading this lower which leaves the door open for a stabilisation, but it is also not pushing back in any convincing way. The spot delta histogram has been printing persistent red throughout the descent with a few green flickers that have not amounted to anything. Perp delta is similar. With $69K now flipped to potential resistance above and the broader macro backdrop still unsettled, the path of least resistance probably remains lower until the delta histograms show something more conclusive. Whether this finds its footing closer to $67K or revisits the $65K range is difficult to say from here, but a clean reclaim of $69K with spot CVD leading would be the first thing worth paying attention to on the way back up.