Honestly horrific spot for majors... For all majors: - Hangover period from Clarity act committee passage. People realizing even if it passes won't be for months, and % chance dropping as its realized will still meet significant resistance on Senate floor. - ETF flows were strikingly negative, as was Coinbase spot flows on the day after committee passage. A signal that institutional capital is gassed on trying to front run this news. - Continued second-guessing by large players of long term value proposition of L1 gas tokens For Bitcoin: - STRC just hit ex-div, unlikely to hit par or buy much for weeks. Saylor buys outside of STRC have slowed down. Bitcoin price dropping will scare more people about putting money in MSTR/STRC. - Bearish engulfing weekly candle, htf chart now turning ugly. - Fud over quantum fears, lack of privacy, saylor monopoly etc. continue at scale that is very harmful to its simple value proposition. For Ethereum: - Tom Lee and Bitmine have now bought 4.4% of Eth supply, with a target goal of 5%. Their buys are likely to slow down or halt soon. Even with buying multiple % in last few months, Eth struggling to hold key supports in this range. - Increasing security concerns have slowed interest in DeFi and RWAs... ETH's largest scaling value proposition. For Sol: - Declining revenue, declining market share as memecoins continue to fade and they are not leading in any other category at the moment - hl vs solana drama continues, a fight hl seems to be winning Ugly.