Bitcoin price’s recovery narrative is under pressure. The world’s largest cryptocurrency has shed nearly $5,000 from its recent high of $82,000, dropping to around $76,900 as of this morning — a four-day losing streak driven by a powerful convergence of macro headwinds, accelerating institutional outflows, and on-chain metrics that reveal a recovery without the capital conviction of prior bull cycles.

Bitcoin price opened Monday at roughly $77,500 before slipping further throughout the session. The total crypto market cap has shed over $100 billion in valuation since last Friday, falling to approximately $2.65 trillion.

Liquidations have been severe. Total crypto…

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