Market Overview - Crypto market is experiencing a downturn, with Bitcoin, Ether, and Solana all declining [1][3] - The overall crypto market value has fallen below $4 trillion [3] Factors Influencing the Downturn - Massive liquidations, with $1.7 billion in positions liquidated in 24 hours, 1.6 billion of which were long positions [4] - Renewed anxiety over potential government shutdown ahead of next week's deadline [4] - Fading momentum from the digital asset treasury (DAT) trade [5] Impact on Crypto-Related Stocks - Crypto-related stocks, including exchanges like Gemini, Coinbase, Micro Strategy, and Merrow Holdings, are also down [1] - Bitmine Immersion Technologies (BMR) is down almost 10% due to selling 5.2 million shares at $70 per share along with warrants to buy up to 10.4 million shares [2] Digital Asset Treasury (DAT) Trade - The DAT trade, involving reverse mergers and companies going public as proxy trades for Ether, Bitcoin, or Solana, has seen less activity and declining prices in public markets [5][6]