This morning, the first thing I checked was the total stablecoin supply. A staggering 14.2 billion evaporated in a month. Two stablecoins alone absorbed 11 billion. The last time it was this bad was in 2022. ETFs saw net outflows for five consecutive trading days, draining a total of 1.17 billion. Yesterday's outflow only left 30 million, indicating easing selling pressure. Yesterday I said the biggest losers were outside of Bitcoin. Bitcoin is still trading at 73.8K. A 0.5% increase in 24 hours resulted in a 2.4% drop in total market capitalization. The pool is shrinking, and the top is filled with old money. In May 2022, Bitcoin shrank by 27.5 billion in one month, and it took over five months for Bitcoin to bottom out. I'm betting it will drop to 72K this week. My short position is already in place, waiting for no rebound.