Cohort-Normalized CVD (Cumulative Volume Delta): Colored lines reveal that small orders ($100–$10K, green/orange lines) are buying on upward moves, while large blocks ($1M+, purple lines) are selling. Correlation with our April 27th statements : The April 27th post hypothesized a "stealth institutional distribution" in the $77,000–$80,000 range, with a negative delta of –699.51 and a…