Coinbase analysts have highlighted a potential easing of selling pressure in the cryptocurrency market, attributing it to the Federal Reserve’s return to bond purchases. This shift may bring renewed investment into risk-on assets like cryptocurrencies. However, Bitcoin’s recent decline, driven by factors including technical support breaches and bearish sentiment in options markets, has raised concerns about market direction. Several factors contributed to this drop, including a break of key bull market support bands that signal potential continuation of upward momentum, along with increased selling pressure from options traders and large institutional outflows.