I'm worried for BIT DIGITAL. It can lose -75% of share value. Bit Digital, Inc.BATS:BTBTBallaJiAt 50 cents Bit Digital would be prices as a distressed, option like stub on #crypto and #AI Rather than a normal business. A coherent. bear case says it deserves that treatment. Why? 1. Hyper cyclical BTC linked business model 2. Regulatory and political overhang on mining/crypto 3. Execution risk in the HPC/AI pivot story. 4. Balance sheet and cash flow vulnerability. 5. Narrative fatigue and sentiment risk.