$MON getting hit harder than Bitcoin is pretty expected in this environment. When markets turn risk-off because of macro fear and ETF outflows, newer high-beta layer-1 tokens usually bleed the most. Honestly, this doesn't look like a Monad-specific problem. The whole market is de-risking, and traders are rotating away from speculative altcoins while waiting for Bitcoin to stabilize. I still think Monad has strong long-term attention because the tech narrative around high-performance L1s is still attractive. But short term, hype alone can't fight macro panic and weak liquidity. Personally, I'd stay patient here. If BTC finds a floor, MON could recover quickly, but as long as Bitcoin looks unstable, catching falling L1s feels risky.