Bitcoin’s bear market looks less like 2022 and more like Wall Street quietly de-risking. ETF redemptions, treasury sales and shrinking spot liquidity are distributing losses without a system-wide failure—potentially making the downturn slower, cleaner and harder to call finished. https://cryptoslate.com/bitcoins-first-institutional-bear-market-is-starting-to-take-shape-and-draining-liquidity/(CryptoSlate)