52% retracement, the familiar script is playing out again. This time, who is selling off and who is buying the dip?

According to Decrypt, Bitcoin continued to decline this week, currently trading at $60.6k, below the $69.4k on Election Day 2024; it briefly fell below $60k for the first time since 2024, about a 52% drop from the $126.1k high. Trump previously rose above $75k after his re-election, reaching approximately $109k in January 2025, and after hitting a high in October, it fell to $106k during a $19 billion liquidation. In January 2026, ETF net outflows exceeded $1.5 billion. MicroStrategy sold 32 bitcoins at the end of May, approximately $2.5 million. Trump stated he would not disappoint the crypto industry, the Genius Act has been signed into law, and the Clarity Act has not yet been legislated.