Odaily News 10X Research analyst Markus Thielen said: "It is not the time to buy on dips now, because BTC may fall to the $73,000 range. He believes that the current situation is like the DeFI/NFT speculative bubble bursting after the 2021 bull market. The plunge in Meme coins has punished many related tokens. The structural decline in the market shows that fundamentals are weakening. Now is the time to be cautious, not complacent. The next major (upward) trend will require a new narrative." (Coindesk)