However, the drop this morning was not very drastic. Logically, the major players would not give any bulls the opportunity to jump in. This wave of liquidation should have involved those who bought in at 69,000 a few days ago. Ethereum happened to be affected by Bitcoin's pullback. However, Bitcoin had risen too much in the past few days, so Ethereum has the potential for a rebound. With this drop, excluding the possibility of a false breakdown, there are instead suspicions of a false breakout. However, on-chain trading data shows that institutions are quietly buying in. Thus, excluding all impossibilities, it seems that institutions are all doing their own thing; the market is currently a bit hard for me to grasp.