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BITCOIN: Why Is It Weak?

Hello,Traders!
BITCOIN is visibly weak, and is de-facto ranging 29k and 43k levels
But WHY?

I see several reasons that might be equally important:

1) The Bitcoin market is now dominated by the Big Money
Hedge Funds, Banks, Private Management Firms, etc..
And all these players slow down or completely exit the game in summer
Thats the reality of life, and without their orders, the Level 2 is empty
And BTC-USD is being dragged by the smaller players from one level to the other
Where the passive big order blocks are placed

2) The end of lockdowns, almost everywhere combined with the summer break.
Most people have spent too much time indoors, which initially caused a boom in the interest in trading and crypto
And as with any boom, here comes the bust. People want to be outdoors, and the charts are the LAST thing they want to see
And without their trading activity the BTC has lost some demand as well.

3) The gradual end of the Helicopter Money. It is not a secret, that many people took the US Covid Stimulus Checks
And put those into gambling on stocks or into Crypto. Easy money is easily spent...
Well now, as the lockdowns are lifted, most of the Red states have cancelled or lowered the amount of the free money flow
Making people go back to work, leaving less time for gambling and not many are willing to keep buying BTC with the hard earned cash

4) Max Leverage Achieved. What I mean by this term is the broader leverage, including the credit cards that are maxed out across the globe, all loans that could have been taken were taken, etc... There is anecdotal evidence, of the loan companies cold-calling clients offering loans to buy Bitcoin.
So part of the broader global leverage went into BTC as well, and as the leverage increased, the price increased too, but as the leverage increase hit its peak, the price tumbled.

5) The New Base and Accumulation. At the low of the range BTC trades with the 56% discount to the all-time-high,which is a good deal for many
And the range might be just another accumulation phase before another bullish rally, in which case the range might last for a couple of years.

These are the 5 key reasons that feed into the current weakness of the Bitcoin.
And while the range might be disappointing for some, the rest of us, can and should make money playing the price off the range borders.

Thanks for reading, guys, and please let me know what YOU think about the current state of BTC and my explanation as well!