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Bitcoin just did something it has done only once before.
It fell below the Rainbow Chart's lowest band.
The zone literally labeled Fire Sale.
BTC is near $59K, about 50% below its $126K high.
The only other time price broke this floor was the FTX crash in 2022.
That was the bottom before the run to a new all-time high.
The model now shows no floor beneath it.
So either this is the rarest discount in Bitcoin's history, or the market just outgrew the chart.