2025 could be the most confusing year for the crypto market. Spot ETFs are already live. Trump openly supports crypto. Congress passes stablecoin regulations. Institutions are entering the market in droves. But? BTC prices are down 7% year-to-date. Volume is plummeting. Whales are selling. $5.2 billion has flown out of spot ETFs. This is the first time Bitcoin has dropped without a major scandal like Mt. Gox, the ICO Crash, or FTX. Instead: all the positive catalysts have occurred, but the market hasn't followed suit. Leverage too high? Sentiment too euphoric? Or is this just a silent distribu