The needle that dropped a year ago today is still sitting at the top. Big Daddy ($BTC) hit a low of 102K that day, and today it's at 82K. $ETH looks even worse. That day it hit a low of 3,400, and now it's at 2,500—still 27% away from that needle. The money propping up the price has stopped. This week, spot ETFs saw a net outflow of 700 million. On the 7th alone, there was a 480 million outflow—the last time it was this intense was June 25th. On the $ETH side, there have been eight consecutive trading days of net outflows. The greed index is still at 64—no sign of fear at all. On June 25th, there was a 690 million outflow, which created that bottom. Right now, we're still far from that level. My monthly ETF account is still in the red as of the end of the month. Didn't add anything this week.