The wind down from BTC/USD ATH was likely caused by the unwinding of the short MSTR / long BTC pairs trade. When the hedgies had sucked mNAV premium dry, they closed the BTC longs. Great to see Mark Cuban sell. 🤓. We don't want Rachel Maddow lookalikes in bitcoin. Great to see $NAKA fail spectaculaly. David Bailey is a grifter piece of shit. The more people who see that the better. Turns my stomach people associate him with positive contributions to bitcoin.