The cryptocurrency market experienced a downturn over the weekend, confirming analysts' predictions of a mere rebound rather than a bull market. Market sentiment remains poor, with Bitcoin facing significant resistance at the $100,000 mark. Without substantial buying pressure, the market is likely to continue its downward trend. Options data supports this bearish outlook, with implied volatility (IV) continuing to decline and skew remaining negatively biased. Large-scale put options dominate trading volumes, further indicating market weakness.