Bitcoin is currently sitting at nearly exactly $100billion market cap.

It is quite dangerous if it falls below $billion market cap from here, because CBOE and CME futures have to be terminated if it falls. They don't support any products that don't have 100 Billion marketcap. shake CME & CBOE out that's what Btc need. Futures is poison. They started exactly when bitcoin was hovering around $20k. And rest you all know the history. But their termination is unlikely to happen as they are very well aware with the current situation. That's why to survive they are now targeting to add etherium in futures which has nearly $45billion market cap.

Don't forget miners cost, they have already started suffering losses. Mid-Small range miners are slowly shutting down their mining equipments. This will cause slow bitcoin transactions in near future. Experts and futures charts showing $5-5.5k is bottom for trend reversals. Let's see. CME futures next contract expiration date is 29th June and settlement date is 5th July. IMO Market can breath after that hopefully.