#Bitcoin could dip to $55K before a reversal. The CEO of CryptoQuant believes the market is now in a full-fledged bear phase, and a sustainable recovery may take months. Key points:

• Despite hundreds of billions in capital inflows, total market cap is stagnating, sell pressure outweighs demand. • #ETF inflows are slowing, while OTC demand is weakening. • Institutional investors are trimming positions and pulling capital. • Large holders are executing aggressive sell-offs. Possible scenarios:
1. $BTC drops to ~$55K, then forms a reversal. 2. Prolonged consolidation in the $60K, $70K range before the next uptrend. #Altcoins look even weaker: fresh capital is flowing only into a few tokens with #ETF narratives, while the broad “rising tide lifts all boats” story is gone. 💛
#crypto