The reason price is collapsing is because 1) Bitcoin is the most quantum vulnerable asset in the world, which is why it decoupled from stocks and gold in 2025. 2) the Treasury Company model is failing and we don't need 200 treasury companies "Bitcoin ETFs" incentivized to use leverage and blow up. This has driven massive LT Holder selling in 2025 and now miner exodus resulting in falling value across EV and Production Cost. Worse is many DATs are below cost basis now. When we solve or make significantly headway on 1 and 2, there will be huge repricing of BTC up. But until we can have the hard talks and build value again, expect pain and volatility. We need to wash out the bullshit to clear our heads. We've been here before.(Charles Edwards)