Bitcoin's top traders are showing a lack of enthusiasm, with the long-to-short metric indicating a dip in morale to a two-week low. This comes despite Bitcoin's price falling to a four-month low. Some analysts suggest the current cycle may have peaked, with repeated failures to break above $72,000 since March 24 indicating diminished buying interest. The recent correction may be due to the German government selling over $3 billion of previously seized coins and the impending distribution of assets from the failed exchange Mt. Gox's bankruptcy estate. The rise of the S&P 500 index to a new all-time high on July 9 also contributes to the negative sentiment towards cryptocurrencies.