Bitcoin is currently experiencing a period of intense pressure, sliding down to around the $71,000 level. This recent dip represents a two-month low for the cryptocurrency, driven largely by global geopolitical uncertainties and significant institutional sell-offs from spot Bitcoin ETFs. Market indicators show that the Relative Strength Index (RSI) has entered a deep oversold downtrend, underscoring the strong bearish momentum in the short term. Despite these immediate headwinds, institutional players like MicroStrategy and Bitmine continue to heavily influence market dynamics, ensuring that Bitcoin remains the central focus and primary driver of the broader decentralized finance ecosystem.