🎢 The Rollercoaster Isn’t Broken — It’s Just Doing Rollercoaster Things

Bitcoin is down. Fear is up. Structure is improving. Here’s the probabilistic roadmap into the end of Q1.

TL;DR 🎢

Good morning, Folks!

Bitcoin is well off the ~$125K October highs.
Yes, sentiment has flipped.
Yes, Google searches for “Bitcoin going to zero” are rising.
Yes, the timeline feels heavier.

But let’s ground ourselves:

This is not a straight-line asset.
It never has been.
It never will be.

If you’ve held through multiple cycles, you know this is the part w…