bear market astrology - ogs sell >100k. selling above the 6-fig psychological accomplishment after holding for a decade+. below this round number they'll wait it out. - etf holders (retail and hedge funds) accelerate selling below 100k. they r simply trend-following paperhands. - at some point (80-90k) these sellers exhaust and more long term buyers come in. a local bottom forms. - we pump to near 100k making everyone believe we r back. typical bear market rally that makes bears doubt their view. - "macro" actually deteriorates and we bleed to 60-70k - 6-9mo of consolidation in this area including one final capitulation leg down. no one believes we'll ever come back except for 5 ppl on this site. - new cycle begins.