Bitcoin Treasuries: The Premium Party’s Over? 🎉💸
Once upon a time, Bitcoin treasuries basked in the glow of investor adoration, their market value soaring above the mere worth of their BTC holdings. Why? Because the masses believed-nay, *worshipped*-their ability to grow, to monetize chaos, to be the safe harbor in the storm of cryptocurrency. Their market net asset value (mNAV), a sacred number always greater than 1, was the testament to their divine right to rule. But alas, CryptoQuant’s Julio Moreno, a modern-day Cassandra, warns that annualized Bitcoin volatility has plummeted to multi-year lows. The party’s over, comrades. 🎈✨



