Lately, the crypto market’s moves have been getting interesting. BTC has been trading around $74,300, but since last month’s AI shock, the selling pressure on altcoins has remained unusually high. ETH is at $2,330, SOL is in the $83 range, and XRP is also around $1.36—none of them are performing as well as Bitcoin.

What’s concerning is that this drop doesn’t look like a dramatic liquidation event; it feels more like a gradual push downward. In other words, stop-loss levels are being pulled down one after another, leaving momentum traders in a difficult position to enter. Technically speaking, the range from $60,000 to $70,000 has historically functioned as an important zone, and this is where long-term holders and new entrants are battling.

Behind it is the spillover of concerns related to AI from the stock market. Since risk capital is being cautious, digital assets are being sold off in a similar way. Whether Bitcoin manages to hold by not breaking below the stop-loss line, or whether it breaks down—that’s what I think is the current turning point.