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Bitcoin is having its weakest Q1 in 8 years — down ~21.5% so far.
Only 2018, 2014, and 2015 were worse. Back-to-back red months would be rare. 📉
But zoom out:
• Weak Q1s have often flipped bullish mid-year
• Feels more like capitulation + ETF outflow flush than cycle end
• On-chain hints at quiet accumulation
Is this a healthy reset before an H2 2026 reversal… or do we test ~$60K first?