I also would have thought BTC would do better.
My guess is that partially this is media related. Headlines have been largely negative independent of actual content the last month in a reaction to statements from the industry, which I think has posed significant headwinds.
Quote Tweet
A lot of people think I'm anti-Bitcoin. But nothing could be further from the truth.
In fact, given soaring inflation, geopolitical uncertainty, actions taken by Canada against protesters and US sanctions, Bitcoin has done much worse than I would have guessed. Much worse.
