Bitcoin's recent moves tend to leave people scratching their heads. But if you dig into the technicals and study what the charts are actually telling you, the picture becomes clearer than most realize.

Let's break it down. First—the structure is genuinely getting healthier, not weaker. Second, all that excess leverage has been properly flushed out from the system. We haven't seen the typical rebuild of overleveraged positions that usually precedes corrections. Third, and this matters: there are zero major distribution signals on the radar right now. The macro backdrop? Still warrants attention, but the on-chain and technical fundamentals aren't flashing warnings the way they sometimes do. Sometimes what looks chaotic is just the market doing its cleanup work.