BTC has been continuously retracing recently. Under market pressure, the topics people discuss can also serve as a validation of the market's "cooling" level. But I don't think BTC will keep falling because the dollar, as the unit of valuation, is visibly being inflated. Yes, AI has attracted hot money and taken away a large part of the upward momentum, but it can't withstand the aggressive money printing either. This provides the fundamental support for all assets with consensus value.
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BTC has been continuously retracing recently. Under market pressure, the topics people discuss can also serve as a validation of the market's "cooling" level. But I don't think BTC will keep falling because the dollar, as the unit of valuation, is visibly being inflated. Yes, AI has attracted hot money and taken away a large part of the upward momentum, but it can't withstand the aggressive money printing either. This provides the fundamental support for all assets with consensus value.