You're making a solid case for an incoming correction. Bitcoin's parabolic moves always come with eventual retracements, and the signs are definitely there.
A few additional factors to watch:
Funding Rates & Leverage Wipeout – When funding rates stay elevated, it signals too many leveraged longs. A flush-out could cause cascading liquidations.
On-Chain Profit-Taking – If whale wallets and old BTC holders start moving coins to exchanges, that’s a classic sign of selling pressure.
Macroeconomic Shifts – Any shift in Fed policy, bond yields, or liquidity tightening could spook risk assets, including Bitcoin.
The key question: Will this be a short-term shakeout before another leg up, or the start of a larger trend reversal? If BTC breaks key support levels, things could get ugly. Do you see this as a quick dip, or a bigger correction?
