Bitcoin Sellers Increase as Bull Cycle Matures, Risk Appetite Diminishes

I believe that Bitcoin is currently at a pivotal point after experiencing a sharp decline to the $112,000 range, which has caused some panic among traders fearing a potential shift into a bear market. The recent correction seems to be part of typical late-stage bull cycle behavior, where investor risk appetite tends to wane and profit-taking becomes more prevalent. While short-term selling pressure increases, this doesn't necessarily mean the overall bullish trend is over.