Bitcoin traded at $72,809 at 12:15 UTC on November 12, Ethereum at $2,019.17, Solana at $82.30 and Hyperliquid at $70.60. On CoinGecko’s 30-day series, every one of those quotes is the lowest point of its own window, printed within the same hour of the same morning. A $1,000 position opened in any of the four on October 14 is worth between $771 and $876 today. That is the first thing to understand about the question readers keep asking: the past month has not rewarded a story, it has repriced everything. What the tape still offers is arithmetic, namely how much new capital a recovery would have to attract, where the exits are thinnest, and which dated events sit inside the next three weeks.