NIGHT IS DARKEST BEFORE DAWN - sellers need flushing before next leg up - this is a BIG ONE !!

The following chart shows the largest ETF "flush" to date.

Granted, it could get worse, but a purge is necessary to create a base.

The underpinnings of specifically Bitcoin have never been better:

• only 3.25 mined per unit
• ETF's still have net purchases
• US sovereign accumulation on the horizon, with other countries looking closely
• 100g purely a psychological boundary that won't last
• impending global recession which invariably brings a drop in rates & inc in fiat $$ supply

Overall, Bitcoin has the strongest legs since it's inception.

However, this is little assurance while we watch this nosedive.

I'm unabashedly HOLDing.