WHY IS BITCOIN FAILING TO FIND ITS FOOTING? • Fear of further tech stock downside • Upcoming Anthropic IPO draining capital • Thin BTC volume between $65K and $78K • Disappointment with U.S. BTC Reserves • Potential return of Strategy FUD • Miner sell pressure to fund AI build-outs • USD strength despite Treasury yield spike It’s not a single factor — and likely has nothing to do with war, oil, or quantum risks.