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I saw yesterday the test of Bitcoin returning to $70,000, but it couldn't sustain it. It dropped back to $67,000 as sellers appeared, and now it is below the support level of $68,000. This pattern indicates weakness in the market structure.
The problem is not just technical. When you follow market dynamics, you can see how big capital is making profits while small investors are waiting. The capitalist system in the crypto market is the same — institutional players have an advantage because of their resources and information. This week, Bitcoin, Ethereum, and BNB have fallen, but smaller tokens like ZEC and ATOM have risen significantly. This is a classic sign that momentum is shifting.
On-chain data shows that the market is stressed but final capitulation has not yet been seen. The $65,000 level will be a critical support if the decline continues. This includes debates about quantum computing risks and various technical proposals contributing to the uncertainty.
Honestly, the current market structure is fragile. If the $68,000 support is lost, many traders will start liquidating, and the fall will accelerate. We need to watch the next few days to see if there will be a rebound or if the downside will continue.