Bitcoin is entering a prolonged bearish cycle as buyer momentum weakens, according to BiyaPay analysts. The market sentiment has shifted to a defensive stance, with institutions holding cash and reducing risk exposure. MicroStrategy's recent pause in Bitcoin purchases, while raising $2.2 billion, highlights concerns over potential index removal. BiyaPay analysts suggest that Bitcoin may remain in a high-volatility range, with momentum indicators pointing to a deleveraging phase. Retail traders are advised to manage their positions carefully. BiyaPay recommends using USDT to balance digital assets and equity futures, aiding in liquidity preservation.