Crypto has everything needed for a bull market, so why is the market down?

The crypto market continues to trend downward despite pro-regulation shifts, ETF launches, and institutional buying, prompting analysts to question underlying structural issues. Regulatory clarity is typically seen as a positive factor, but various other factors influencing investor confidence and market sentiment remain. Notably, decreased liquidity and doubts about the reliability of exchanges may be intensifying selling pressure. While market corrections can sometimes be healthy, the current situation complicates investors' ability to identify entry points, necessitating careful monitoring going forward.