Sentiment Snaps Back as BTC Reclaims $112K

Accumulation builds, treasuries swell, and Q4 catalysts stack up—even as ETF flows wobble

Hey folks, I am on travel so my briefs might look a bit weird, not enough time in the day but I wanted to get something to ya :) Enjoy the rally!

Bottom Line Up Front — Late-Cycle Rules Apply

Price reclaimed $112K, accumulation is visible, institutions are conflicted (outflows vs. October ETF runway), and treasuries keep stacking. That’s a constructive b…