I met someone who was betting against bitcoin by putting a healthy sum of money into an inverse bitcoin ETF.
Told him he will get rekt.
He is already down several weeks of his salary.
All these posts about bluesky shows off why a decentralized platform is better for the end user, even if the UX needs improvements on those decentralized platforms.
Rememebe folks - as fast as bitcoin went up, it can go down too. A good chunk of the recent money that flowed into ETFs are not diamond hand bitcoiners and they are in it for fiat gains. Once sentiment changes to the negative, the downward pressure could be enormous.