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For me, Bitcoin's current situation reflects a moment of uncertainty that many investors had already anticipated. The market cooling and doubts about its direction show that confidence isn't always linear, and that even the most popular assets go through periods of stagnation. Personally, I think the most interesting thing is how, in parallel, countries like India are moving forward with regulations and proposals that seek to give the crypto ecosystem a more solid framework. For me, the most relevant aspect is that this contrast highlights two realities: while some investors are pulling back, other institutional and state actors are building the foundations for a more stable future. Ultimately, I think this moment shouldn't be seen only as a setback, but as an opportunity to reflect on the market's maturity and the role that regulations will play in its evolution.