The cryptocurrency market is currently experiencing deep skepticism, evident in the actions of institutional players like Bitcoin whales and ETFs withdrawing investments. Major financial institutions, such as UBS, question the legitimacy of cryptocurrencies as real assets. This shift reflects a psychological change in the market, where skepticism prevails over speculation, leading to continued sell pressure. Historically, extreme pessimism has often preceded significant recoveries, but currently, the outlook remains uncertain with few signs of positive catalysts.