After the Bloodbath, a Sharp Recovery — BTC Caught in a Triple Squeeze BTC crashed to $75,600 after the FOMC decision, then staged a V-shaped recovery back to around $76,472. The market expected a short squeeze. CryptoQuant disagrees. Three conditions for institutional dip-buying in the $65K–$70K range — short-term holder capitulation (STH-SOPR below 1.0), stablecoins flooding exchanges, and funding rates at -0.015% to -0.020% — none have triggered. Meanwhile, USDT reserves on exchanges are systematically draining. Smart money is waiting. All three lights are still red. Above, major players have stacked a dense sell wall across $80,500–$82,000 for over 24 hours, orders evenly spaced at roughly $3.3 million, untouched all day. Below, buy orders are accumulating between $76,800 and $75,000. BTC is compressed from both sides — direction hinges on which order book breaks first. That same night, ETF flows reversed hard: a $263 million outflow ended a nine-day inflow streak, and BlackRock's IBIT posted its first-ever daily redemption of $11.2 million. Lose $76,900, and BTC slides into the $76,200–$75,800 liquidity gap. Reclaim $78,300–$78,500, and the coiled short-squeeze could ignite fast. BTC is now pinned between three forces: a sell wall above, ETF outflows in the middle, and a sentiment floor below. The spring is tightening — the real catalyst may be the Clarity Act vote in May. 💬 $78K first or $75K first tonight? A. Breakout to $78K B. Dip to $75K C. More sideways grinding