🟢 Early bull BTC peaked ~$126k Oct 2025, dumped 54% to ~$58k by July 2026 (mildest bear yet), then clawed back to the low-mid $80ks. Now hovering ~$80k with neutral fear/greed. Institutions and longer-term holders have flattened the swings. Classic blood-bath is done. Full euphoria mid-cycle isn't here. We're in the slow, choppy recovery phase of a maturing market. Expect more range-bound pain before real upside.