Long positions in the 94K~96K range have been liquidated, and it is currently sitting around the 89K level. If it falls further and breaks below the support level of 86.2K, my initial view remains unchanged — that it could drop to around 76K. Looking at the Tether dominance on the daily chart, it has broken above the 4.87% level I initially mentioned,and it is now hovering around 5%. My early projection that it could rise further to approximately 5.6% still holds. There are many reasons for Bitcoin's decline, but ultimately, it’s just a matter of attaching plausible explanations to past events. The recent hack of approximately $1.5 billion worth of Ethereum on the Bybit exchange is one such reason. According to the announcement, the attack was carried out by a North Korean hacker group, but anyone familiar with blockchain systems knows that unless they’re using like quantum computer, it’s not easy to execute such a hack without insider collusion.