Bitcoin has experienced a dramatic decline, falling below the $70,000 mark for the first time since 2024, resulting in the erasure of gains made during the Trump presidency. The cryptocurrency has tumbled 21% this week alone, reflecting deepening market fears as forced deleveraging escalates. With nearly half a trillion lost in the crypto markets, analysts are scrutinizing the ongoing sell-off that has been fueled by a combination of macroeconomic pressures and a wave of liquidations. Speculations about a potential further drop to $40,000 are emerging, while some warn that the current bear market could last for months. The situation highlights significant divides within the market, raising questions about whether this presents an opportunity or points to structural vulnerabilities within the cryptocurrency ecosystem.