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Regarding Bitcoin, the asset dropped to the expected values from the previous review, and even lower to $92K, breaking the upward trend. Almost immediately after the drop, we observed a rather quick recovery to nearly $100K, and now the price is fluctuating in the range of $92K-94K.

The unexpected rise of Bitcoin to a new ATH generated inflated expectations, which ultimately, as usual, led to multiple liquidations of many traders.

The emerging pessimism in the market filtered out the "casual passengers," leaving only those who believe in the long-term growth of cryptocurrencies.