Over the past week, regulatory tailwinds (like the CLARITY Act, Circle's new funding, etc.) brought a thriving market and a harmonious vibe. But then macro factors flexed their muscles and completely overshadowed all the good news, inevitably pushing the market downward. This is actually a recurring issue in the current crypto market: bull markets are driven by narratives, while bear markets/corrections are dictated by macro factors. The market is just too small and too easily influenced. The CLARITY Act is a long-term structural positive, but in the short term, capital is more concerned about whether the Fed will stay hawkish + whether oil prices will completely blow up inflation. So this sudden drop is purely macro-driven risk aversion, not because there's some major issue within crypto itself. bitcoin:native Right now, the key is whether it can hold the 78k support level. If U.S. data continues to run hot next week or geopolitical tensions don't ease, we might see further choppy declines. On the other hand, if oil prices drop or there are new signals of rate cuts, we could see a quick rebound. For us regular folks, this kind of market is like playing on hard mode in hell. Best to just stay put and not join the chaos!