News: The crypto market remains under pressure, with Bitcoin extending its losing streak. Contagion from the Three Arrows Capital bankruptcy filing continues to weigh on sentiment, exacerbated by news of Tesla's significant Bitcoin writedown. Regulatory scrutiny of crypto firms is increasing, signaling potential for further liquidity issues. Despite the bearish short-term indicators, long-term adoption narratives persist with initiatives like the Bitcoin Academy, though macroeconomic headwinds and industry layoffs suggest a prolonged downturn.

Market Probabilities: 
Bull 25% | Base 40% | Bear 35%

Recommendations: 
Short-term: HOLD
Long-term: HOLD
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