Bitcoin has been stuck in a tight range around $68,000 for several days now, showing little sign of a decisive breakout.

The leading cryptocurrency recently wrapped up a session close to $68,030 after pushing as high as $69,061 only to retreat to $67,703 amid solid trading activity that surpassed $31 billion.

Right now Bitcoin sits near $67,300, marking a small drop of about 0.5% from the previous day. That level leaves it roughly 46% off the all-time peak of $126,000 reached back in October.

Why the October crash changed everything for institutional investors

On October 10 a sharp downturn liquidated $19 billion worth of leveraged bets throughout crypto, setting off widespread selling pressure that hammered prices across the…