Svmuu News: A Bitfinex report notes that the Bitcoin market has recently been fluctuating within the $65,000–$70,000 range in the short term, but the long-term trend remains downward.Since reaching an all-time high last October, the market has experienced a sharp correction of over 52%. Although prices rebounded by approximately 20% from the low on February 5, they remained below the lower end of the range this week and tested new lows.Amid heightened macroeconomic uncertainty—particularly following the Supreme Court’s ruling on the government’s tariff hike at Donald Trump—precious metals such as gold and silver have rebounded, while crypto market traders continue to pay a premium for downside protection.The Exchange Whale Ratio indicates that recent inflows into Bitcoin have primarily come from large investors. Such concentrated inflows typically signal strategic selling rather than short-term forced liquidations or retail sell-offs. Large investors may be selling at key structural levels or during fixed daily time windows, reflecting intentional market positioning.Last week, the options market saw a reduction in downside protection for the first time, but due to news regarding tariffs, traders did not re-increase their long positions, instead only adjusting for extreme tail risks. Trading data for near-term expiring contracts indicates that market sentiment is cautious rather than optimistic.