Nice write‑up as always. I’m just reading the structure a bit differently.
We made a LH vs the previous pump, HL still intact, but no HTF trend change yet.

If we look at ENJ and ORDI, both did the same thing: huge exit pumps → bleed. In your previous post I shared the same charts, here they are updated since then.

Macro‑cycle wise:
Nov ’21 ATH → Aug ’24 bearlow = 987 days
Jan ’25 ATH → now = ~500 days

If history repeats, HIVE’s bear phase usually lasts much longer.
So until a clear HTF trend change forms, I’m still treating these as exit pumps, not the start of a new macro impulse.
If we’re lucky, we get one more exit pump toward the Oct ’25 candle top (0.20) before the multi‑month bleed. That’s the one I want to sell.