Bitcoin can't hold at $77,000 and is dropping. It’s currently attempting a rebound near $74K, but still looks weak. Meanwhile, precious metals like gold and silver continue to rise despite the contango situation. It seems to be a typical pattern where the market shifts to safe assets during a bear market. The longer the contango situation persists, the more pronounced this asset divergence seems to become. We’ll have to watch to see where Bitcoin’s bottom will be.

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