On one hand, yes, this would probably (certainly) be a strong exit signal. On the other this why I think people need to be preemptively leaning into permissionless exchange in their acquisition strategy…
P2P bitcoining / permissionless exchange is the a follow-up orange pill (an orange pill booster, if you will lol) that many bitcoiners still need.
https://bitcoinmagazine.com/culture/get-non-kyc-bitcoin-before-you-need-it