I noticed Bitcoin failed to break away from the $70K zone yesterday, then dropped to $67K as sellers appeared. This is actually a worrying signal because the range of $68K-$70K has become the floor throughout February, and if it breaks below $67K, focus will shift to $65K or even $60K. Currently, the price is around $68K, but it’s no longer as solid as before.

What to watch out for is that Bitcoin, Ethereum, and BNB all dropped 3% in the past week, while altcoins like ZEC and ATOM actually rose 20%. But historically, when the main assets weaken, smaller ones tend to fall faster. So be cautious about the altcoin momentum that looks strong right now.

On-chain data also indicates the market is under pressure, but there are no clear signs of capitulation yet. This means the selling process might not be over. Plus, there are concerns about quantum computing making a comeback in discussions, along with debates over the controversial BIP-110. Institutional flows are also starting to shift, with some large funds reducing their exposure.

For Bitcoin, the technical battle now becomes key. If it can rebound to $70K, the momentum could reset. But if it fails again, a deeper correction is already on the horizon. The weakness of this large market cap needs to be continuously monitored.