The market is in a state of turmoil, particularly in the crypto space, with Bitcoin struggling near the critical $70,000 level after a significant sell-off triggered by large investors exiting positions. Ethereum is also in distress, bleeding value and failing to maintain support above $2,000, raising concerns about its future as investors react to uncertainty and volatility. Traditional markets are feeling the pressure too, as tech stocks tumble amidst broader market woes, reflecting a lack of confidence that may spill over into further declines. The sentiment is bearish, and with macro factors weighing heavily, traders should brace for continued instability across both crypto and equity markets.