5 reasons crypto doesnt look great to me: 👉Unusual & large bearish LTF put positions hit the tape today for both ETH and bitcoin:native with exp 5/29/26 for $500m ($135m notional for ETH + $373m notional for bitcoin:native 👉BTC ETF outflow has been significant for a week now since 5/6/26. Outflow today alone was $345m negating all STRC pre-dividend buying (which was low too btw) 👉STRC raise has been anemic compared to prior months....and we are approaching ex dividend again where volumes/buying will be in decline after. (aka: Investors buy STRC before the 15th ex-dividend date → volumes spike → Strategy issues more shares → buys more BTC) 👉Coinbase premium has been negative since 4/27/26 👉We're entering a period of structural weakness in equities starting next week thru end of summer(CryptoCondom)