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Calm Whale 🐳
Bitcoin Momentum remains at full strength.
Now the focus shifts from Expansion to signs of deterioration.
Momentum offers the first clue. After previous periods of maximum strength, Deceleration preceded structural breakdown and trend reversal.
But Momentum does not weaken in isolation. Deterioration intensifies when Spot CVD rolls over, revealing that demand is fading and turning negative.
For now, Momentum remains in Expansion and Spot CVD is positive.

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