The cryptocurrency market is facing a downturn as Bitcoin's sentiment index in the futures market has fallen to 36%, below the neutral 50% mark. This decline follows a brief surge to $123,000, with Bitcoin now trading near $115,000. Analysts warn that sentiment below 45-50% could lead to increased selling pressure, potentially testing the $112,000 level. In a regulatory move, South Korea's Financial Services Commission has ordered local crypto exchanges to cease all lending services due to legal ambiguities and associated risks. While existing contracts may be extended or repaid, no new loans are allowed, with non-compliance risking inspections and penalties. Meanwhile, Bitcoin spot ETFs continue to dominate institutional portfolios, holding $165.57 billion in assets under management, far surpassing Ethereum's $25.56 billion, highlighting Bitcoin's ongoing institutional preference.