According to Cas Abbé, BTC’s drop to $107K flushed out top buyers and triggered fear-driven selling as short-term holders capitulated, pushing SOPR to levels that typically mark losses realized during corrections. Abbé notes that such SOPR dips often form the base for local bounce backs as weak hands exit. Abbé adds that BTC has room to rebound toward $114K, but the broader trend remains bearish unless price holds above $114K and flips that level from resistance into support. Abbé characterizes the move as a classic short-term rally setup within a longer-term fight for trend control, making $114K the key validation level for bulls.

According to @cas_abbe, the Total2/BTC ratio has broken out of a three-year downtrend and flipped a key resistance level into support, indicating potential outperformance of altcoins versus BTC in the near term. According to @cas_abbe, this setup could lead to a 2021-style pump that drives altcoins to new highs, suggesting traders monitor the Total2/BTC chart for confirmation of sustained strength.