I have noticed that the market has remained in a rather bearish phase in recent days. Bitcoin is fluctuating around $74,250, while Ethereum has fallen back to about $2,320. XRP stays steady at $1.36. Volumes remain low, and there is clearly persistent selling pressure without major catalysts to boost buying.

What interests me is that we were supposed to see consolidation between $80,000 and $100,000 at the beginning of the year, but ultimately the selling dynamic continued. Analysts mentioned insufficiently accommodative monetary policy and selective ETF flows that limited the market's ability to enter a true bullish cycle. That still seems to be the case.

Liquidity remains uneven, and even moderate sales can break support levels. We observe some caution among participants, with short positions accumulating. In the short term, traders are watching whether prices can stabilize or if selling pressure intensifies further. For now, sentiment remains defensive, and accumulation has not really taken off as expected.