🚨#Bitcoin seems to be in a bit of a slump, with its 5th negative weekly close on the horizon. 😮 Historically, five red weeks in a row have only happened in bear markets. But don't panic just yet! 🐻📉

- The pullback has been slow and steady, with BTC dropping only about 12% from a March high of $71,400.

- This cycle's max decline has been 20%, compared to 20-30% drawdowns in the 2017 bull run.

Even the new Bitcoin spot ETFs are feeling the pressure. Despite soaking up $12bn of net inflows since Jan, flows have stagnated recently. 📊

But remember, these pullbacks can be normal in a bull market. And we've seen 4 consecutive red weeks in bull markets before. So, is this the start of a bear market or just a temporary setback? 🤔

Share your thoughts below! #crypto #BTC #marketwatch