#BitcoinWeakens

Bitcoin is currently trading around $66,818 — and for those thinking, “just wait a little, it will recover,” there’s an important reality to understand:
Over the past 7 days, it has dropped by -5.76%, and over the last 90 days, it is down -24.49%. This is not just a minor dip — it reflects sustained weakness.
From a technical perspective, both the 4-hour and daily timeframes tell a similar story. Key moving averages — MA7, MA30, and MA120 — are all aligned downward, forming what is known as a bearish alignment. Additionally, the PDI is significantly below the MDI, while the ADX is high, indicating that the downward movement is not only present but also supported by strong momentum.
Looking at market-moving news, large players are also active.
BlackRock reportedly dumped over $250 million worth of BTC in a short period.
MARA sold 15,133 BTC to repay $1.1 billion in debt.
These are the same institutional players that retail investors once followed — and now, they are exiting positions. Meanwhile, only Michael Saylor’s Strategy continues to buy, while overall corporate treasury buying has dropped to nearly 2%.
Sentiment is also weak. The Fear and Greed Index is at 9, placing the market in Extreme Fear. Although about 52% of social media posts remain positive, such sentiment carries little weight when large holders are selling.
There is, however, a positive development.
Coinbase and Fannie Mae have launched a Bitcoin-backed mortgage product, allowing users to use BTC as collateral to secure a home without selling their holdings. This is a significant step toward adoption.
However, the key question remains: how long can the $65,900 support level hold? If it breaks, the market could open the door toward $56,000. Staying below $70,000 also suggests that many institutional investors are still in losses and may continue to reduce exposure.
This is not financial advice — just a reflection of current market reality.
Always manage your risk carefully.