Bitcoin has dipped below the $76,000 threshold, identified by Tom Lee as a critical "bull-bear divide," as market sentiment turns bearish. The cryptocurrency is currently hovering around the $75,000 support level after failing to surpass the $78,000 resistance. This movement has raised concerns about potential bearish signals in the market. Meanwhile, Ethereum has also shown signs of weakness, contrasting with U.S. equities, where S&P 500 and Nasdaq 100 futures have reached new all-time highs. In the options market, the September-expiry Bitcoin put option with a $55,000 strike price has become one of the most actively traded contracts, indicating increased demand for hedging against further downside risk in Bitcoin.