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The recent downturn can largely be attributed to Bitcoin's drop below the critical $99,000 mark, trading currently around $96,000. Breaking through this support level might signal further downward trends, raising concerns for investors. However, it’s crucial to remember that the overall market environment is not uniformly bleak. The announcement of Bitcoin ETFs has seen a dramatic uptick, recording 15 consecutive days of inflows. This influx signals that large institutional players are, in fact, buying Bitcoin, thereby providing a positive outlook amidst the turbulence.