🚨 $BTC Realized Profits to Value 30D MA

📉 Sharp retrace. The prior profit taking impulse is getting unwound fast.

That tells us distribution pressure is cooling. Sellers are stepping back. The aggressive realization phase is fading.

⚠️ But we are still above the historical capitulation band.

This is not broad panic. Not forced mass exit. It is a reset, not surrender.

Until that capitulation band is tagged, downside may lack true exhaustion. Watch for compression. The next expansion will define the mid term structure.