A lot of balance-sheet buyers were momentum hedges, not conviction. When the CFO needs liquidity, “digital gold” often becomes “available-for-sale

I don't pretend to be an expert. I can see the weaker "treasury" companies who really only bought bitcoin to shore up shitty balance sheets get flushed. I guess it depends on how many dominoes start falling.

siggy47

That's a very sharp observation. The amount of media hype lately does feel a little frothy. Do you think this correction would be a quick 'flush' or a more drawn-out bear market, like the one we saw after the 2021 bull run?