$BTC

This pullback is over. Look at this chart. A small upward push has appeared. Both contracts and spot can be traded.

People are beginning to wonder whether this round of cryptocurrency rebound has peaked.

Bitcoin has fallen for five consecutive days, which will be the longest decline since October last year. According to Coingecko and compiled data, Bitcoin hit an all-time high of $73,798 in mid-March, but the entire cryptocurrency market has since plummeted 17% to $2.4 trillion.

Benjamin Celermajer, director of digital asset investment management company Magnet Capital, said many speculators who bet on continued strong ETF flows are now "squeezed out of the market." But he added that the bull market is not over yet.