The recent crash in the cryptocurrency market, witnessing a loss of $230 billion in market capitalization over six days, is primarily attributed to Bitcoin's decline of 11.65% from its all-time high of $73,949 in the past five days. The AI category of altcoins notably contributed to the downturn, losing 41% of their value in the preceding week. Despite a significant surge driven by factors like Bitcoin's ETF approval and heightened interest in the Solana ecosystem, the current market movement indicates a diminishing upward momentum, signaling an impending correction. With Bitcoin's price slowing down after a 54% year-to-date return and a notable bearish swing failure pattern observed on the weekly timeframe, investors are exercising caution amid a short-term waning of buying pressure, leading to profit-taking and liquidations. In the past 24 hours alone, Bitcoin liquidations amounted to $400 million, with significant losses incurred by long traders across various cryptocurrencies, including Ethereum and Solana.