$MSTR is in a clear bear market structure now. Down -35% over 12 months and DAT's out of demand/money, all while we're in a bull market! This is a proxy for Bitcoin speculative demand and certainly not a good sign for this phase of the 4yr Cycle. This is the concern for Bitcoin, which also is structurally teetering on the edge. We like to see dips in a bull market bought quickly, not languish.