How much longer do you think BTC will need to consolidate weakly before it can resume a sustained uptrend?

‼️Uh-oh, $BTC —the most grueling kind of market is here: it can’t fall any further, but it can’t rise either. Restoring confidence could take months, and a prolonged period of choppy, grinding declines may have only just begun.

The U.S. midterm elections have shifted the balance of power in Congress, fueling concerns that crypto regulatory legislation could be stalled. Policy uncertainty is weighing on risk appetite.

A major exchange hack has dealt another blow to confidence, prompting some investors to pull their funds and seek safer assets.

Ongoing outflows from spot ETFs have also weakened one of BTC’s most important sources of institutional buying.

Policy headwinds weigh on expectations, the hack shakes confidence, and ETF outflows drain buying pressure. These three pressures are piling up, leaving BTC struggling around $75,000. #MarketSentimentPoll