• Constructive short-term setup: Funding has flipped positive, open interest is at an 8-day high, and Iran’s peace proposal via Pakistan helped push Bitcoin back to $80k for a third test.
• Late-stage signals are stacking: DOGE leads the top 50 with whale activity at a 6-month high, and XRP just hit a 4:1 bullish ratio on the Rakuten news. Meme leadership and one-sided sentiment have historically preceded sell-offs.
• Bull case sits with long-term holders: 365-day MVRV at -16.5% shows long term holders are far from profit and euphoria, while equities at fresh ATHs leaves room for a crypto catch-up trade.

Bitcoin is pressing $80k for the third time, with sentiment, funding, and open interest all turning positive at once. The…