Strong Hands Absorb the Range While Greed Turns to Fear

One hundred and thirteen days into the new market regime, Bitcoin is up 41% from the June 30 lows — and almost nobody feels good about it. The wave of greed that swept through onchain social trading and then into quality altcoins in September has fully flipped to fear. That emotional round trip is the tell: beneath a flat, frustrating price range, impatient hands are capitulating to patient ones, and the structure being built looks like the foundation of an early bull market, not the end of one.