Indeed, and what happend over the past 12 hours illustrates that the future of BTC is highly dependent on what regulators decide https://cointelegraph.com/news/crypto-industry-pushes-back-after-eu-vote-to-block-unhosted-walletsRussia, Sanctions, and Crypto's Moment of Truth
https://www.nasdaq.com/articles/russia-sanctions-and-cryptos-moment-of-truth
statistics 101: Correlation is not causation. The structure already looked weak from a technical point of view and Terra did not buy BTC. So a small correction looked likely and did not surprise anyone.Indeed, and what happend over the past 12 hours illustrates that the future of BTC is highly dependent on what regulators decide https://cointelegraph.com/news/crypto-industry-pushes-back-after-eu-vote-to-block-unhosted-wallets
If the value of a so-called uncontrollable asset collapses by 10% just because a few EU-bureaucrats in Bruxelles submit a vote for further elaboration by member states, it will get very nasty when the US suddenly moves against crypto. The China-event of 2021 would suddenly look like a non-event.