Caleb Franzen|Feb 03, 2026 09:15
Investors are upset for 2 reasons:
• They extrapolated a bullish thesis on BTC into the alt universe and they've drastically underperformed & are severely underwater.
• They are underwater on their Bitcoin as well. Just look at the AVWAP from the ETF listing date or the STHRP.(Caleb Franzen)
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