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THE PULLBACK IS ASKING ONE QUESTION BTC broke above $80K, then quickly pulled back. Most people will call it a correction. I’m looking at something else: who is willing to buy after the first wave of excitement is gone? If buyers step in without another huge leverage buildup, the pullback could actually strengthen the market. But if the market needs leverage to push higher again, that tells a very different story. The next move may not be about the breakout. It may be about who buys the dip.