I just looked at the chart and saw that BTC is around 66.99K, down 2.19% this week, while ETH dropped to 2.06K and SOL also faced significant pressure —8.02% over the week. XRP also couldn't escape the downward trend —2.97%. It feels like the entire market is in a state of hesitation, with no clear momentum.

The interesting point is that selling pressure on altcoins is at its highest in 5 years, according to CryptoQuant. Holders are distributing into a market where buyers are still scarce outside of the major coins. Such selling usually doesn't trigger strong liquidations to stimulate bottom buyers, so it’s just a slow, painful bleed.

What’s fascinating is that fears of AI spreading from the stock market are emerging. This week, there are reports about AI meme fears — concerns that artificial intelligence will cause economic disruptions in delivery, payments, and software sectors. This triggers a tech sell-off, and cryptocurrencies are affected as well because they share the same risk capital sources. FxPro analysts comment that Bitcoin is forming a bearish flag on the daily chart; if it drops below 65K, it will confirm a continued downtrend.

The 60K-70K range is becoming a battleground between long-term accumulators and new holders cutting losses. As long as it stays within this range without breaking out, the technical picture leans more bearish. We’ll see what happens next.