Everyone seems surprised by the recent Bitcoin price action. However, Bitcoin is currently down ~29% from its all time high, completely in line with historical corrections. 60D realized volatility is also only ~42%, near historical lows. Additionally, Amplified Bitcoin (treasury companies) is behaving as Amplified Bitcoin (amplification amplifies both up and down). This is simply business as usual for Bitcoin. Welcome to the arena.(Joe Burnett, MSBA)