The chart explains itself really but we can see that BTC PA has not been effected Directly but more by the impact on other organisations, Mostly Banks.
What will be interesting to see i nt eh coming months, is what happens when the FED curs rates, probably in September 2024.
On average, when the FED Pivots, Stocks fall...people tend to forget this.
We shall have to wait and see if Bitcoin can ride it out, thoguhj I feel ETF's have changed the game a LOT