Today, BTC's price continues to drop. By the close of the market, both the S&P and Nasdaq barely turned positive, but Bitcoin's price still isn't looking very optimistic. Especially since the weekend is here, liquidity will be even worse, and sentiment-driven moves will be more pronounced. There's a chance we could see further drops over the weekend. Right now, BTC and ETH are both not far from their gaps. BTC's gap is between $91,970 and $92,525, while ETH's gap is between $2,853 and $2,925. If investor sentiment worsens over the weekend, there's a pretty high chance these gaps could be filled. These are the only two gaps in the near term. BTC's next gap is around $20,000, while ETH doesn't have any more gaps. Another factor affecting sentiment is the rumor that MSTR sold Bitcoin. According to MSTR's current statement, not only did they not sell, but they're actually continuing to buy more. So, there's no concern about MSTR lying here. Looking back at Bitcoin's data, on-chain turnover shows that short-term investors' panic is intensifying. Over 310,000 BTC were involved in turnover within 24 hours. Of course, part of this might be MSTR changing addresses, but it's clear that investors with a cost basis between $100,000 and $105,000 are the main group driving turnover. Some friends are saying it's the whales dumping, but on-chain data shows that the majority of turnover is from loss-making investors. Unless whales are dumping at a loss just to crash the market, it's unlikely to be institutions. Additionally, from the URPD data, we can see that, at least for now, a large number of loss-making investors haven't panicked. The overall distribution of holdings is still very healthy. Of course, the key will be next week. There's not much we can do about the weekend, but if liquidity and sentiment don't recover next week, the downward trend could intensify. However, based on past data after government shutdowns, liquidity tends to increase again once the government resumes operations. Bitget VIP, lower fees, bigger perks!