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The $BTC carnage is accelerating. Now down 12+% today. Now the 4th worst day this decade. The other 3 were days around something "breaking." So, what is "breaking" now? Nov 9, 2022, FTX failure Jun 13, 2022, Terra Luna Collapse Mar 12, 2020, worst of COVID Shutdown https://t.co/fEJ4lzCX3k Look away, not pretty. The avg purchase price for a $BTC ETF is $90K, 41% underwater, or a $15B unrealized loss. Need ~ 50% rally to get back to breakeven! ETF hodlers (boomers) had diamond hands during the decline. But, does this serve to set up a coming capitation (puke)? https://t.co/YReSrNaZ0P It has been said that crypto is "programmable money." If so, $BTC should trade like software stocks. And this chart shows they do. Is the era of AI Agents, which is killing SaaS, and smashing software stocks, is "programmable money" suffering under the same fate? https://t.co/psuIgxkOyM