Man, I want to be a 🐂bull like everyone else but the fundamentals simply arent there yet. -The recent yen interventions risk a larger equities rally while capex concerns still remain. -The BTC CB premium remains significantly negative -Ongoing concerns regarding the ColdCard exploit have demoralized long term holders and increased cex inflow -The BTC ETF net flow remains negative Clarity is likely not going to pass for now -The impact of Trump taco tweets is increasingly waning as he becomes the President who cried wolf -Equity gains in AI + tech continues to outpace crypto returns resulting in cannibalism of liquidity & attention(CryptoCondom)