All three models flag a significant structural overhang from $334M in recent ATM share sales and a massive $21B potential dilution queue, noting that proceeds were diverted to dividends and USD reserves rather than Bitcoin accumulation. Two models warn that a failure to hold the $95.32 high-volume shelf will trigger a breakdown toward the $87.00-$91.78 support zone, targeting low-volume nodes where little buying interest exists. The bear case is further compounded by negative earnings and a lack of new BTC purchase catalysts, which one model suggests will pressure the mNAV premium as momentum indicators like the 4h MACD histogram continue to fade.