Layoffs at retail platforms are not a sign that the market has given up, but the logical result of cost management necessary after the euphoria of 2021. I’ve been running these cycles for years, and the correlation between staff reductions at service firms and the price of $BTC is weaker than the superficial narrative tries to suggest. While headlines focus on internal restructuring, on-chain flow data shows a steady accumulation at key levels. For me, the support at $62,500 of $BTC is the area that keeps the technical structure intact. The market is cleaning up operational inefficiencies while smart capital positions itself for the next phase of liquidity. If the price of $BTC holds above $64,000 at the weekly close, the likelihood of a retest at $68,000 increases significantly. I trade $BTC with a stop adjusted to $61,200. The setup is invalidated if we see a daily close below $60,500, which would force a reassessment of the current accumulation thesis. Key data: Daily volume on spot platforms remains 15% above the 90-day moving average, according to market indicators. Addresses that accumulate more than 1,000 $BTC have increased their exposure by 2.4% over the last two weeks, contradicting the pessimism behind corporate cutbacks.