Are Bitcoin derivatives (perps, options, ETFs) basically creating fake supply and killing scarcity? The worry is that BTC ca get rehypothecated to death, just like what happened to gold. Wall Street takes over, price gets manipulated. Yeah, it cranks up volatility. Liquidations can be brutal. But here's the flip side: after those wipeouts, the real buyers show up. Speculators are gone, weak hands are out, and price rips harder. The move? Self-custody. Can't rehypothecate what they can't control. So is this dip a problem or a gift? I'm leaning towards a reload opportunity. What do you think? Are derivatives wrecking Bitcoin, or is this just growing pains?(Lark Davis)