From Monday's BI Report (#27): Mind the Gap ...Bitcoin continues to struggle below the $116k top-buyer cost basis, now locked in a $107k–113.9k range shaped by liquidation clusters and top-buyers cost-basis bands. The rebound attempts remain fragile, driven mostly by leveraged perpetual traders, while spot markets show no signs of the deep buy-side liquidity typically seen at durable bottoms. If buyers fail to reclaim $116k and rebuild demand, pressure will likely mount toward the STH-MVRV lower band near 92.6k. Conversely, a squeeze through 113.9k could drive a retest of the $116k pivot, but sustaining above it remains the key condition for breaking the bearish tilt. Until then, the balance of risk remains skewed toward further downside, with temporary rallies likely to be corrective rather than the start of a new trend..... Read our weekly reports by joining the Bitcoin Intelligence family using the link in my bio (free trials available).(Sina 🗝️⚡ 21st Capital)