The crowd is already back to acting like they never believed in Bitcoin anyway. The “magic rocket to the moon” narrative has taken a vacation and didn’t leave a postcard. Why the slump? 1) Whales off‑loaded nearly $600 million in Bitcoin just after BTC spiked to 111k USD. Price slid slightly below 100K in no time. 2) Spot Bitcoin ETFs saw outflows of 2 billion USD, signalling that institutional demand is waning, just when the hype needed it most. 3) Demand is weak: 30‑day “apparent demand”...

On April 19th, the Bitcoin network went through what's called a "halving" event, which is a big deal in the world of cryptocurrencies and...