This isn’t normal.

Bitcoin has fallen 49% in 139 days.

$1.21 trillion wiped out.

A brutal $62,000 drop — with no real relief rally.

In Bitcoin’s history, crashes this deep usually come with strong bounces.

This time? Nothing.

Since the October 10 liquidation event, the market feels different.

Momentum is weaker.

Sentiment is heavier.

Structure looks broken.

This doesn’t feel like a typical correction.

It feels like a shift.