Yesterday’s Bitcoin candle surged +2.8%, but breakouts from here aren’t confirmed by price alone.

They’re confirmed by who’s buying and what’s behind it:

→ Spot demand vs. perp leverage.

→ Clean closes vs. emotional wicks.

→ Structural rotation vs. short-term FOMO.

The crowd treats $110K as a signal to chase.

Smart money treats it as a test of conviction.

You don’t win in crypto by being early, you win by not being bait.