In just six weeks, Bitcoin has lost more than 500 billion dollars in market value. ETF outflows, widening Coinbase discounts, structural selling pressure, liquidations of poorly positioned long accounts, and the absence of clear bullish catalysts have all weighed on the market. At the same time, persistent concerns such as whale distribution, deeply unprofitable market makers, the lack of defensive liquidity, and even long-term threats like the so-called “quantum risk” continue to hinder the ...
