There have been a total of $1.67B in product outflows since the beginning of the month, with $1.4B of that in $BTC alone.

Welp, that sucks.
And people are calling for sub-$50K Bitcoin, but I'm not fully there yet.
I still look at this through the "rule of 3s" because BTC often needs a few major lower highs before sellers run out of steam, and after the third one, I usually start watching for a trend shift instead of assuming more downside.
Maybe a simple rule, but if you look at BTC history, it checks out, even on the way up.
And although the Strategy sale and a few other catalysts definitely hurt the price, I still think we already bottomed.
By year-end, we'll be back at $100K.