Good morning.

Bitcoin is sitting on a critical floor while the tape stays heavy.

Bitcoin just reclaimed $61K after a rout that triggered $1.6B in liquidations - 48 straight days of net Binance inflows finally showing signs of compression.

But sell pressure easing is not the same as buy pressure arriving.

Regime check:

• Below EMA - price is 9.5% under the 20-period EMA

• Extreme Fear at 12 - unchanged from yesterday, down 16 from last week

• Distribution structure still unresolved

Meanwhile, altcoin bids are quietly firming: XRP, DOGE, and ADA are all outpacing BTC on the day, suggesting rotation is active even as the market stays structurally weak.

Question now:

Does $60K hold and set the next leg higher...

or does the distribution trend resume and break it?

XRP Coffee Break later ☕

$BTC