Bitcoin (CRYPTO: BTC) is down 6% over the past week as analysts discuss whether the downturn may be closer to its conclusion than its beginning.

“Bag Holders With A Dream But No Reality“

In a Pomp podcast on June 22, Anthony Pompliano highlighted growing pessimism across the crypto market.

Bitcoin has effectively retraced much of its 2024-2025 cycle gains, leaving many investors questioning whether they are “bag holders with a dream but no reality.”

However, some market observers argue the weakness has less to do with BTC itself and more to do with capital chasing artificial intelligence opportunities.