According to @GracyBitget, post-10.11, top market makers cut risk, thinning order-book depth and creating liquidity vacuum moves where small sell orders pierce multiple levels and price whips without large volume, driving BTC to simultaneously lose the 200-day and 360-day moving averages for the first time this cycle, with RSI near 33 and no reversal signal, indicating a liquidity-driven correction rather than a structural bear trend, source: @GracyBitget. According to @GracyBitget, BTC is trading a US domestic liquidity cycle—tight QT, elevated Treasury yields attracting flows into risk-free returns, TGA constraints tied to government shutdown dynamics, and weaker December rate-cut odds—keeping dollar liquidity scarce and capping BTC, source: @GracyBitget. According to @GracyBitget, she argues the next major BTC leg will be determined by whether the US restarts QE, with timing of balance-sheet expansion more decisive than technicals, source: @GracyBitget. According to @GracyBitget, spot BTC ETFs have posted multiple days of net outflows with single-day peaks of roughly $800M–$900M, signaling US institutions are near-term risk-off, source: @GracyBitget. According to @GracyBitget, Korean retail risk appetite has rotated from crypto to AI semiconductors—Upbit volumes down about 80% year over year, BTC/KRW activity muted, KOSPI up over 70% YTD, and retail forums pivoting to AI/semis—implying in a constrained global liquidity regime, capital is choosing the strongest beta (AI) over crypto for now, source: @GracyBitget. According to @GracyBitget, key trading levels and signals are: watch for BTC to reclaim 102K–103K (near the 360-day MA) for a clearer reversal confirmation; price declines show low-volume, no-panic selling with poor bid depth rather than heavy forced supply, so risk management via smaller position sizing and lower leverage is prioritized until a clear QE-driven liquidity inflection appears, source: @GracyBitget.