When price is down, conviction gets tested.

Today’s read:
Price weak
Leverage still elevated (Paper-to-spot ratio: +36.3% in 30 days)
Flows still soft

That is short-term pressure, not necessarily long-term damage.

In Bitcoin, short-term price is set by marginal forced sellers.
Size your position so volatility cannot force you out.

Long-term value is set by fixed supply + adoption.
Long term thesis is still in tact.

$BTC