According to Bloomberg, the latest Bitcoin downturn has exposed a new weakness in market structure: Wall Street funds have brought scale and legitimacy to Bitcoin, but the retail buying that once absorbed selling pressure during sharp corrections is clearly fading. The report said that Bitcoin fell as much as 5.4% on Wednesday to $59,023, its lowest level since October 2024, and has dropped about 50% from its all-time high set in October last year. Bitcoin has spent years trying to shed its label as a "retail speculation playground," but as retail investors retreat, the institution-dominated market appears even more fragile during the downturn.