This morning, the cryptocurrency market as a whole fell, with mainstream coins like BTC, ETH, BNB, and others all declining. Does this mean the dream of a bull market has been shattered? Various communities seem to have fallen into silence, as if everyone is starting to face the harsh reality of the market. What kind of signals are hidden behind this phenomenon? As an observer, I will analyze this event from several angles and share my views in conjunction with historically similar cases.

"Is it a healthy market pullback, or the prelude to a bear market?"
This is a question many investors are asking today. Accompanied by the crash, market trading volume surged, and a large amount of capital flowed out. The phenomenon of some 'communities going silent' has further sparked unease, with many recalling the scenes at the beginning of the bear market in 2018. So, what does this market crash really mean?
1. Bitcoin (BTC)
The price of Bitcoin has recently broken through several important support levels. From a technical analysis perspective, the key psychological barrier has been breached again. The panic triggered by this pullback is quite similar to the situation when Bitcoin plummeted from its historical high of $20,000 in 2018. At that time, market expectations for Bitcoin were too high, and profit-taking led to a continuous price pullback.