I forgot to add that should BTC plunge a further -20% from here,...

I forgot to add that should BTC plunge a further -20% from here, we should expect many younger BTC holders to feel a wealth loss (despite not selling) and that feeling is likely to rub on their continued appetite to trade and speculate in the equity market, because its largely the millenial cohorts who are playing options and trading actively.

The flow on of this negative sentiment and appetite would impact the BTD (buy the dip) trades, so something equity holders need to be careful and wary of what lies ahead.

And no coincidence that a loss of appetite for BTC is Gold's gain.