Bitcoin has lost nearly half its value since October. Ethereum is down close to 60%. In this video, Jim Iuorio of TJM Institutional Services walks through the two-phase selloff that brought crypto to this critical juncture and explains why Thursday and Friday of this week could be pivotal. The decline started when markets began questioning the valuations of AI stocks that had driven a multi-year rally in risk assets. Bitcoin and Ethereum, which tend to correlate with the Nasdaq, got pulled down in that broader derisking. The second leg lower came with the Iran conflict, which pushed the dollar higher, lifted yields, and reignited inflation concerns tied to rising crude oil prices. Jim also examines an often-overlooked signal: retail interest. Google Trends data shows Ethereum searches have fallen 80% from their February peak, sitting near a five-year low. Bitcoin searches are down 75%, well below their historical average. The week ahead brings two major data points: PCE on April 9th and CPI on April 10th.