Me: "So the number of bitcoin wallets with <1000 BTC is slowly dropping." Spencer (GSR's Head of OTC): "Beach ball rolls back down the hill." Me: "??" Spencer: "I think it's DAT implosion. MSTR premium and all its copy cats was akin to a firehose spraying a giant beach ball up a hill... water pressure is the premium. As the premiums fell, water pressure lessened. Now no premium... no water."(Frank Chaparro)