According to CoinMeta, the structure indicated a breakout even before the news. Yesterday, the Ministry of Finance announced more long-term debt repurchases, which injected liquidity and lowered yields. Lower yields freed up capital that typically flows preferentially into the crypto market. The structure had already told this story before the news; the range remained at key levels for two months, quietly absorbing supply, and then a breakout occurred when a second macroeconomic positive factor emerged. This is not a coincidence but the true purpose of the accumulation. The boring phase is often the most important part, yet it is quickly overlooked. No one wants to talk about two months of sideways consolidation, but that is precisely where the actual work is done. By the time a catalyst appears, the market’s positioning is already complete.