Everyone is shouting "The Fed's QT is over, the bull run in December is coming." What happened? BTC fell below 87,000, evaporating 140 billion dollars in 24 hours. The market is telling you in the most straightforward way: narrative ≠ reality. Over the past decade, December has been the best month for BTC, with an average return of 40%. But on the first day of December this year, the market gave you a lesson. History will repeat, but it won't simply copy.