Bitcoin's Q4 momentum has reversed sharply. While new highs were anticipated, many now doubt if BTC can reclaim its previous peak. Forecasts are being revised downward as performance weakens.

This downturn occurs despite a supportive macro environment. Demand is cooling, market strength is fading, and confidence appears to be eroding.

Ryan Chow, Co-Founder of Solv Protocol, discussed this shift with BeInCrypto. What exactly has changed to impact investor sentiment so dramatically?