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WARSH DIDN’T KILL THE BULL MARKET — HE SHATTERED EXPECTATIONS I used to think $BTC crashed after Jackson Hole because bears were too strong. But looking closer, the story is different. $BTC surged from $62K to above $81K, and everyone bet the Fed would remain dovish. Then Warsh appeared and reminded the market inflation isn’t over yet. Interest-rate expectations reversed, longs were liquidated, and $BTC plunged. But this could simply be a reset. If $77K holds, the game isn’t over.