It makes zero sense to me that the BTC treasury companies are already out of dry powder when the playbook just began.

- Twenty One is not even fully functional yet

- Strive has not started buying yet afaik

- DJT just started

- GME is retarded but they still have $4bn in cash

- Metaplanet and ALTBG are growing incredibly fast

- and MSTR has barely begun raising awareness around its preferred stocks.

I don't have any strong conviction on where $BTC locally bottoms, but I am very convinced that we will be trading higher in a few weeks.