Bitcoin's circulating supply is quickly approaching 20 million coins, which means only about 1 million coins are left to be mined. On the surface, it looks like less than 5% remains, but this final 5% is actually the hardest to produce. Based on the current halving mechanism and mining pace, the last Bitcoin is likely to be mined around 2100, and our generation probably won't see it unless there are significant changes in computing power or mining mechanisms in the future.

Returning to the market chart, over the past couple of days, $BTC weekend has seen a "whipsaw" pattern, first smashing then pulling back. This is common in the crypto world: traditional financial markets are closed on weekends, so whenever there’s a sudden event globally, the crypto market reacts early. But once US stocks and other markets open, the trend often reverses, just like during the conflict with Iran before.
Currently, this looks more like a consolidation pattern rather than the start of a new downtrend. However, the rebound space may also be limited. It’s unlikely to challenge 75,000 again in this move, so in the short term, focus on the resistance around 73,000–74,000.
If this "push up then smash down" whipsaw pattern continues, and if too many short positions accumulate above 70,000, then when the market moves downward again, the 60,000 level might not hold. It’s somewhat similar to the structure during the crypto market crash in June 2022.