you pitching that "market cap" proves bitcoins value is a narrative.. You can make the case that everything is a "proxy" for whatever you like. "Facebooks mar

you pitching that "market cap" proves bitcoins value is a narrative.. You can make the case that everything is a "proxy" for whatever you like. "Facebooks market cap is a proxy for ... which is a measure of ..." If market cap is critical, when bitcoin has a major "correction" and the market cap drastically falls, what does this indicate?