 btc 40k to 50k range still in place for last 4 months. crypto still extremely correlated to risk equities, notably (rho of 0.6). makes no sense it pumps or dumps at 9:30am.tutes dipped heavy last year and are selling on pumps, while overall new demand has stalled from retail. yet 76% of btc is held off-exchange and hodlers just waiting it out (link below). non-yielding btc is avoided thanks to inflation , which is opposite the crypto bro thesis of early 2021 🤣 