Today, Bitcoin fell from around $873,000 back to the $836,000–$840,000 range, dropping about 2%–4% intraday; the weekly chart is still green at roughly 10%. Ethereum broke below $2,700. The total market cap retreated from around $3 trillion to about $2.85 trillion–$2.95 trillion. This isn’t the kind of panic sell-off like on a rate-hike night; it feels more like profit-taking after three failed attempts at the $870,000 psychological level, compounded by U.S. Treasury yields rising back above 5%, a stronger U.S. dollar, and long leverage being liquidated. The ETF had still seen large inflows in the first two days, indicating institutional buying hasn’t disappeared—but it can’t stop short-term positions from being exited first.