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Just noticed Bitcoin's been struggling to hold above that 70k level consistently. Bounced up there a few times but keeps getting rejected, and now we're sitting around 68k. That 68-70k range that was acting as support through early February? Yeah, losing that is a pretty big deal.
What caught my eye is the divergence between big caps and alts. BTC, ETH, BNB are all pretty flat or slightly down lately, but smaller tokens like ATOM have been posting solid gains. Historically that never ends well for the alts - when the majors start losing steam, they usually drag everything down with them eventually.
On-chain data from some analysts suggests we're in a stress phase but haven't hit real capitulation yet, so there might be more downside coming. If we lose 67k cleanly, 65k and maybe even 60k are back in play. The technical setup matters here - reclaim 70k and momentum could reset, but fail again and we're pricing in deeper losses.
Also hearing a lot of noise about quantum computing risks and some controversial proposals around Bitcoin transactions. Institutional flows are shifting too. Either way, the next move from here probably decides whether this is just a correction or something more.