126k was the top, yes. BTC has died MANY times over the past 16 years.

To go a bit further, in the near term we probably have 2 more really good shake outs to go. With the biggest, causing deepest pull back once everyone learns just how much paper BTC there is (on Binance mostly, but also likely on Coinbase)…that will be the biggest test of those holding in cold storage if they buy THAT dip or throw in their final towel.