Looking at the recent market, the movement of Bitcoin and altcoins has become quite interesting. BTC is currently hovering around $71.5K, and it seems to have regained a significant portion of the decline from last week. However, altcoins like Ethereum and Solana are performing relatively worse, with weaker recovery momentum.

A major recent factor is the rekindling of concerns related to AI. The valuation of tech companies is changing, and this liquidity is spilling over into risk assets overall. The cryptocurrency market is no exception; risk appetite is concentrated in Bitcoin, while selling pressure on altcoins is intensifying. According to CryptoQuant data, selling pressure has reached its highest level in five years.

From a technical perspective, whether BTC can break through the current range (roughly $70K to $73.8K) is key. Falling below the mid-$65K could lead to a downward move, while surpassing $70K might lead to a different scenario. Essentially, it’s still a consolidation phase without a clear direction. The underperformance of altcoins may be evidence that investors are seeking safer assets amid this uncertainty.