Bitcoin fell about 4.6% this week to roughly $76,000, breaking below the range floor established since late August and the $76,700 realized market mean, according to a Glassnode report. The decline remained moderate despite the failed Senate vote on the CLARITY Act and a broad sell-off in altcoins. New demand has weakened, with on-chain capital inflows stalling after 27 consecutive days, exchange-traded funds turning to net outflows, stablecoin supply remaining flat, and corporate treasuries stopping purchases. Options positioning shifted toward downside protection within hours of the vote, with maximum pain at $72,000 and substantial call open interest near $85,000 creating overhead resistance. Order-book data shows nearly two-thirds of bids concentrated 1% to 10% below the current price; support becomes thin below $68,000, with $71,300 and then $62,000-$65,000 identified as the next downside levels.