Massive deleveraging
I don't yet understand the details but I am sure that the finite properties of Bitcoin have to do with how it destroys leverage
What's impressive is after the outflows in ETFs, the deleveraging in DTCs, and the retail's chickening out - the price stays above 90k$!
From the impatient to the patient.
From the weak hands to the strong hands.
To the only truth in financial markets: bull and bears get paid - pigs get slaughtered