IMO it's because not enough people are DCAing bitcoin into self custody coupled with tradfi convincing Main St that their ETFs, stocks, and CEX #btc IOUs are the same thing as self custody #bitcoin.

IMO it's also possible and maybe even probable that the new administration is coordinating this price decline with his crypto Summit bros because "naTIonal Security" since their value proposition of their fiat system is directly challenged by a runaway #bitcoin fiat price.

The of and of course as you've mentioned the economy is 💩 so some HODLers may be sadly selling their #FreedomMoney to get by.

Regardless though I think that Bitcoin still wins as long as enough of us continue to push forward with the dollar cost averaging into self-custody approach as to ultimately separate State and currency! 💪