Bitcoin continues to weigh downwards, and it has already passed the 71.8K level. If you remember, back in February it fell below 76K for the first time in months, and since then it hasn’t recovered. Right now, it looks like the market is tiring of the rally that pushed the price to 100K thanks to spot ETFs and large company buy-ins like Strategy. But it seems long-term holders have started taking profits, and new capital just isn’t coming in. In the past few weeks, about 111 billion has been wiped out from crypto’s market capitalization, and another 1.6 billion in leveraged positions has also evaporated. Этир is down 17%, while Solana has been jumping around but is also in the red. Analysts say the realized capitalization of биткойн has already stabilized, meaning no new money is flowing in. When market capitalization drops without support from new inflows, it’s no longer a bull market. A long period of sideways trading is expected, not a sharp rebound. Even a 70% drop is unlikely without some serious events. Right now, it’s about 14:14 on the clock, and the market still hasn’t found a bottom. Selling pressure remains, there are few buyers, and no one is rushing into new investments. It looks like we need to prepare for consolidation rather than a quick recovery.