Bitcoin’s recent slide has triggered a downturn in the cryptocurrency market, marking a shift from bullish to bearish territory. Only 5% of top 500 altcoins are currently profitable, indicating a historic moment of extreme pressure for investors. The divergence between Bitcoin and altcoin markets is widening, raising alarm bells about broader market weakness. This decline coincides with Bitcoin falling 23% from its all-time high, echoing previous cycle lows and pressuring short-term holders. Over $2.3 billion in long positions have been liquidated recently, adding to the bearish pressure. The Coinbase premium index remains negative, signaling persistent sell pressure from US-based investors. Meanwhile, Bitcoin’s 90-day supply in profit has shifted sharply into the negative territory, reflecting a cyclical downturn. Despite Bitcoin holding relatively higher profit levels, its decline is impacting the market more severely than ever before. Experts urge caution as investors closely monitor key technical indicators and anticipate volatility over the coming weeks.