History doesn't repeat, but it rhymes. Every Fed transition has triggered a massive BTC flush before the real expansion.

The data is undeniable:
• Yellen Era: -83%
• Powell I: -74%
• Powell II: -63%

Now we face the Warsh transition. Notice the trend? Drawdowns are shrinking, but they remain the ultimate "gatekeeper" for the next leg up. If the pattern holds, we are overdue for one final shakeout to liquidate the early longs.

Is the ETF demand enough to break a 12-year cycle, or are we heading for a sub-$50k reality check first?

Post your target for the bottom below.
$BTC $LUNC $XRP