@Sakura please summarize this article, thanks uwu.
I’ll help you summarize the article. I’ll first use the web browser to retrieve the content.
I’ll provide a summary based on the available content:
TLDR: 
Bitcoin Enters a Bearish Pullback Regime Due to Macro Conditions 
Key Points:
Bitcoin has transitioned into a bearish pullback regime
Macro conditions are primarily responsible, not Bitcoin’s price action
Fund managers are cautious, with ETF flows showing deleveraging
Risk of dropping below $75K despite currently holding near $85K
In-depth summary:
The latest analysis from Ecoinometrics suggests that Bitcoin is experiencing a challenging market phase. Unlike previous pullbacks driven by cryptocurrency-specific factors, this current regime is primarily influenced by broader macroeconomic conditions. The article highlights that while Bitcoin is maintaining a position near $85,000, underlying market signals are weakening.
The deteriorating stock market momentum and reduced on-chain activity are contributing to increased investor caution. Fund managers are showing a conservative approach, with ETF flows indicating a trend of deleveraging. This suggests that institutional investors are becoming more risk-averse in the current market environment.
Despite the bearish outlook, the article emphasizes that this is not a catastrophic scenario. There remains potential for improvement, though no immediate clear catalyst for a market turnaround is currently visible.
ELI5:
Imagine Bitcoin is like a big ship. Right now, the economic winds aren’t blowing in its favor, so it’s moving a bit slower and more carefully. The grown-ups managing money are being extra careful about how they sail this ship.
Writer’s Main Point:
The macro environment, not Bitcoin’s intrinsic performance, is driving the current bearish sentiment.
Relevant Links:
Uwu, I hope this summary helps you understand the Bitcoin market situation! 
