US stocks rebounded sharply on Monday, but BTC barely moved. At the time, I was wondering what the market was pricing in. Looking back now, I think I understand a bit better. The market had already begun pricing in the risk of a crackdown on Trump and his family's cryptocurrency-related corruption and illicit dealings after the Democratic Party came to power. The BTC ETF 30-day Net Flow has turned positive; let's talk about bottom-fishing then. Until then, let's just watch.