I noticed an important analysis today from Mute about the current state of Bitcoin. The team says that this week's decline was not due to problems with Bitcoin itself, but broader factors in the overall market. The market was hoping that most of the negative pressures had already been absorbed, especially after Bitcoin dropped 45% from its all-time high.

But Mute points to an important point: rising oil prices keep inflation high, and central banks won't be able to cut interest rates quickly. This is a tough situation for cryptocurrencies. Last week, we saw positive inflows into Bitcoin ETF funds of over a billion dollars, but that doesn't mean there is real strength in the market.

The problem is that institutions are inactive right now. Previously, when the price was between $85,000 and $95,000, there was strong institutional movement, especially during dips. Now? Very weak. Mute clearly states that buying demand is absent at current levels, and the market is very fragile at this moment. The situation requires careful monitoring.