Bears are on the clock. Markets are pressured by the repo market liquidity drain and the government shutdown. Politicians are starting to feel the pressure. I think the government reopening is a matter of days, not weeks. QT ends in 5 weeks, and thanks to Powell’s hawkish speech, the next 25bp cut is now only 70% priced in, giving leeway for extra bullish momentum toward the next FOMC. Nasdaq filled its early October gap. I think anyone calling for the AI bubble burst a couple of months before QE in a mid-term election year is out of their goddamn mind and should put down the crack pipe. Overall, I think sub $100k BTC buyers will be greatly rewarded going into 2026. If NQ breaks below 25,000, I think a BTC leg toward $94k into the golden zone is likely. I expect buyers to step in here. Good luck degens.