The market has fallen as expected, with Bitcoin losing the $76,000 mark.

With buying power exhausted and confidence eroded, the cryptocurrency market is facing a "silent collapse." Bitcoin fell below $76,000 over the weekend, a drop of about 40% from its peak in 2025, with over 160,000 people globally facing liquidation.

Unlike previous declines, this downturn lacks a clear panic trigger. The selling pressure mainly comes from a lack of buying interest, fading momentum, and weakened market confidence. Even in the face of traditional positives like geopolitical tensions or a weaker dollar, Bitcoin has failed to respond positively, showing signs of "decoupling" from the broader market.

Market depth has decreased by more than 30% from the peak in October last year, raising concerns about liquidity conditions. Meanwhile, Bitcoin's volatility currently lags behind that of gold and silver, diminishing its appeal as a risk hedging tool and speculative target.

Analysts point out that the "hawkish" expectations triggered by the nomination of the Federal Reserve chairman, along with capital diversion from AI-related stocks and the precious metals market, have put pressure on Bitcoin. Some fund managers have even warned large Bitcoin holders to be patient, stating, "Don't expect to see Bitcoin reach a new historical high in the next 1,000 days."

Current market sentiment has changed significantly, and investors do not seem ready to buy on the dip. Strategists believe that, although some technical indicators are nearing extreme levels, the overall downward trend has not yet ended.

What key conditions do you think are needed for the restoration of market confidence? Feel free to share your views in the comments section. $BTC $ETH